Deep Dives
Welligence Venezuela | OFAC orders Chevron to wind down operations in Venezuela
It’s official, Chevron has been ordered to cease activities in Venezuela. The Office of Foreign Assets Control (OFAC) issued General License (GL) 41A on 4th…
Read MoreWelligence Licensing | Libya announces first bid round in 17 years – what is on offer?
On 3 March 2025, Libya’s NOC announced a new Libya Bid Round at a launch event in Tripoli. NOC plans to present this during roadshows…
Read MoreWelligence | Weekly Quick Takes
This report provides our clients with access to the key postings on our LinkedIn page. It is regularly updated, with the most recent posts sitting…
Read MoreWelligence M&A | Global upstream deal-making in February 2025 – a summary
There were seven transactions announced in February 2025, up on the six announced last month, and in line with the rolling 12-month average. The total…
Read MoreWelligence Corporate | 2025 E&P capex guidance – Euro Majors reallocating spend to upstream
Welligence is pleased to announce the capex guidance tracker has been updated to reflect recent capex guidance announcements for 2025. SUBSCRIBER ACCESS REQUEST ACCESS
Read MoreUS GoM M&A | Talos Energy and Beacon Offshore bolster their interests in Monument as Repsol exits
On 26 February 2025, Talos and Beacon Offshore announced an agreement to acquire Repsol’s stake in the Monument discovery. SUBSCRIBER ACCESS REQUEST ACCESS
Read MoreWelligence LNG | LNG M&A continues unlocking precious supply
Evaluating the last year of LNG M&A, drivers centred on unlocking project values, boosting gas security of supply, corporate re-alignments and companies’ increasing energy transition…
Read MoreWelligence M&A | PETRONAS–Eni JV: a major regional gas/LNG player?
On 27 February 2025, PETRONAS and Eni signed a MoU to explore forming a JV to consolidate selected upstream oil and gas assets in Indonesia…
Read MoreWelligence Corporate | NOC/IOC Partnerships – with today’s Eni/PETRONAS announcement, what’s next?
NOCs entering strategic partnerships with IOCs will continue to be a strong international growth option. Eni announced today that it had entered an MOU with…
Read MoreWelligence Exploration | Has Rhino Resources re-ignited Namibia’s Orange Basin?
Rhino Resources and partners Azule Energy, Namcor, and Korres Investments have hit hydrocarbons at the Sagittarius-1X well on PEL 85 (Block 2914A). The news injects…
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