Deep Dives
Welligence | 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 Global | Unconventional Hydrocarbon Activity Update
This note reviews the emerging role of international unconventional hydrocarbons alongside deepwater as a source of future supply growth, summarizing current activity and status across…
Read MoreWelligence Russia & Caspian Q3 2025 M&A Quarterly | A lull for quarterly M&A
During Q3 we recorded no transactions in upstream developed assets, versus two seen in Q2, although there were several other new contracts signed, progress made…
Read MoreCompany Spotlight | LLOG — A deepwater standout with a transformational growth runway
LLOG has evolved from an onshore Louisiana explorer into one of the most successful privately held deepwater operators in the US Gulf of America (US…
Read MoreADIPEC Insights Report | Global FPSO Outlook
Welligence Energy Analytics is proud to be an official 2025 ADIPEC Media Partner. As part of this partnership, we are publishing the final report that…
Read MoreWelligence Global | US sanctions bite – LUKOIL to sell international portfolio
On 27 October 2025, LUKOIL announced that it is to sell its entire international portfolio. This is the result of US sanctions specifically designed to…
Read MoreWelligence Russia & Caspian Deep Dive | Karabash – West Siberia’s prospective new frontier?
The Welligence team examine the recent results from the Zaozernaya #1 well, conducted by the operator VNIGNI (the Russian Geological Institute), which potentially unlocks a…
Read MoreWelligence MENA Q3 2025 M&A Quarterly | No M&A activity, with one deal completion in a muted quarter
No transactions were announced in MENA during Q3 2025, continuing the low level of deal activity seen since Q3 2024. Although only one transaction was…
Read MoreWelligence APAC Q3 2025 M&A Quarterly | Low-risk gas assets dominate deal-making
Five deals were announced across Australia, Indonesia and the Malaysia-Thailand JDA in Q3 2025. This is the same level as Q3 last year but lower…
Read MoreWelligence Global Q3 2025 M&A Quarterly | Has global deal-making reached a nadir?
Around US$17 billion was spent on M&A globally in Q3, across 37 transactions. Spend was the lowest quarterly average of the post-Covid era. North America…
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