Deep Dives
North America Q1 2024 M&A Quarterly | Independents drive steady deal flow in US GoM
All three deals announced in Q1 2024 were located in the US Gulf of Mexico and involved packages of assets. In each case, the reserves…
Read MoreWelligence Namibia | Galp confident Mopane is the real deal
On 21 April 2024, Galp announced it had successfully concluded the first phase of its Orange Basin exploration campaign by wrapping up testing operations on…
Read MoreLatin America Q1 2024 M&A Quarterly | A slow start to the year, but calm before the storm?
There were just three deals announced in the quarter, following a flurry of activity at the end of 2023. The first transaction was in Argentina…
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 MoreSub-Saharan Africa Q1 2024 M&A Quarterly | Deal-making momentum continues, but can it be sustained?
Building upon increasing M&A activity in 2022, last year emerged as the most active period for M&A since the onset of COVID-19. The first quarter…
Read MoreWelligence CCUS | Storage Outpaces Capture: Trends and Implications for E&Ps
Since 2020, global CO2 capture capacity has surged by 267%, while CO2 storage capacity has outpaced this, growing by 482%. As of the end of…
Read MoreWelligence MENA Q1 2024 M&A Report | Mixed fortunes for ADNOC and bp’s East Med gas deals
Three deals were announced in the MENA region in Q1 2024, which we valued at a total consideration of US$1.7 billion. We estimate the deals…
Read MoreUK M&A | Ithaca Energy and Eni propose North Sea merger
On 27 March 2024, Ithaca Energy released its 2023 results and simultaneously announced that it had entered into a four week long Exclusivity Agreement in…
Read MoreBrazil M&A | Consolidation race in Brazil – independent E&Ps pursue mergers
Consolidation among Brazil’s independents looks set to kick off, with 3R Petroleum the “target”. Maha Energy made the first move, proposing a merger of 3R’s…
Read MoreMorocco Gas Market | Moroccan gas projects are a step closer to coming onstream – what is next for the Kingdom?
Morocco’s energy mix could benefit from a much-needed boost in domestic gas production in the coming years. The country has seen renewed interest in its…
Read More