Deep Dives
Oman M&A | Oman’s OQ Group in US$1.4 billion divestment
On 22 August 2023, Oman’s OQ Group reached an agreement to sell 40% non-operating stakes in Block 60 (its flagship producing asset) and the adjacent…
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 MoreUK M&A | Ithaca goes all in on Cambo via Shell acquisition
On 12 September 2023, Ithaca Energy announced it had acquired Shell’s 30% in the West of Shetland (WoS) Cambo development for US$77.85 million. The deal…
Read MoreWelligence Nigeria M&A – Oando consolidates onshore, buys out Eni from NAOC JV
On 4 September 2023, Oando announced the acquisition of Eni’s wholly-owned Nigerian subsidiary, Nigerian Agip Oil Company Ltd (NAOC), for an undisclosed consideration. NAOC has…
Read MoreBrazil Rumblings on the Ground | Navigating new horizons: Lula, Petrobras, and the strategy for an emerging gas market
Welligence recently visited Rio de Janeiro and Sao Paulo to meet with key stakeholders in the O&G sector to gauge the overall upstream climate and…
Read MoreWelligence Sub-Saharan Africa | LNG powerhouses look to plug feedstock gap
West Africa’s three established LNG suppliers, Angola LNG (ALNG), Equatorial Guinea LNG (EGLNG) and Nigeria LNG (NLNG) have all been struggling to maximise output. With…
Read MoreWelligence Sub-Saharan Africa | Eni brings Baleine online in less than two years
Eni has started production from the deepwater Baleine field located on blocks C1-101 and CI-802, offshore Côte d’Ivoire. The announcement comes less than two years…
Read MoreEnergy Transition | How can E&Ps drive down emissions?
Welligence has launched the Energy Transition Targets Tracker to help our clients keep track of upstream decarbonization goals.At least 95 companies have made public commitments…
Read MoreWelligence MENA | Majors invest in Oman gas to fuel energy transition
Oman’s energy sector has experienced a surge in activity over recent years, with gas development projects taking centre stage as the country focuses on its…
Read MoreGabon M&A | Maurel & Prom becomes Gabon’s top onshore producer with Assala Energy acquisition
On 15 August 2023, Maurel & Prom (M&P) announced the acquisition of Carlyle’s entire holdings in Gabonese onshore player, Assala Energy, for US$730 million. The…
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