Deep Dives
Welligence Mexico Exploration | Eni finds Upper Miocene success at Yatzil-1
Eni announced a shallow-water oil discovery at its latest exploration well in Mexico, Yatzil-1. ACCESS PDF
Read MoreWelligence UK M&A | Prax enters upstream with Hurricane Energy acquisition
On 16 March 2023, Prax announced the acquisition of Hurricane Energy for up to £249 million (US$301 million). Hurricane’s sole asset is its 100% interest…
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 Asia-Pacific Rumblings on the Ground | SEAPEX 2023 – a re-energised Asia-Pacific upstream offers diverse opportunities
Exploration is on the agenda again. While the opportunities in the large mature producers (Malaysia, Indonesia, Australia) attract the most interest, other less-explored countries, like…
Read MoreWelligence Argentina M&A | Vista focuses on shale with conventional portfolio sale to Aconcagua
On February 28th 2023, Vista Energy announced the sale of its conventional portfolio in Argentina to Aconcagua Energia. Per its end of year filings, Vista…
Read MoreWelligence Namibia Exploration | Lower Cretaceous success for Shell at Jonker-1X in Namibia
The Orange Basin in Namibia continues to deliver. The latest success is a light oil discovery made by Shell’s Jonker-1X well. The well is on…
Read MoreWelligence Angola Rumblings on the Ground | New developments underway, but can exploration replenish the hopper?
Welligence recently visited Luanda, Angola to meet with key stakeholders in the O&G sector to gauge the overall upstream climate and the overall outlook for…
Read MoreWelligence Thailand Rumblings on the Ground | Energy security concerns drive licensing and cross-border negotiations
Last week, the Welligence team attended the International Petroleum Technology Conference (IPTC) in Bangkok. We met with key industry stakeholders to gauge Thailand’s upstream outlook…
Read MoreWelligence Norway | Exploration review 2017 – 2022: Near field exploration drives value for Norwegian explorers
Welligence estimates that 1.5 bnboe of commercial resource was discovered in Norway over the 2017-2022 period. Near-field exploration was the primary contributor, accounting for 90%…
Read MoreWelligence UAE M&A | TotalEnergies strengthens its UAE position – what’s next for Cepsa?
On 1st March 2023, TotalEnergies announced the acquisition of Cepsa’s UAE portfolio for an undisclosed consideration. The package comprises stakes in the Umm Lulu &…
Read More