Deep Dives
Canada Oil Sands M&A | Greenfire Resources to acquire Connacher Oil and Gas for US$900 million
Consolidation in Canada’s oil sands continues as Greenfire Resources reaches an initial agreement to acquire Connacher Oil and Gas for US$900 million. CLIENT ACCESS REQUEST…
Read MoreUS Gulf of America M&A | Modiin Energy enters the US GoM with Big Foot acquisition
Marubeni has sold its 12.5% non-operated working interest in the Chevron-operated Big Foot development to Modiin Energy for US$190 million. The stake will be held…
Read MoreWelligence Norway M&A | Vår Energi refines its NCS portfolio
Vår Energi has high graded its Norway portfolio through five separate transactions – a portfolio acquisition of Pandion Energy, two swaps with DNO and Equinor…
Read MoreWelligence Malaysia M&A | INPEX acquires 85% participating interest in Block 2E (Marjoram field) for US$350 million
In July 2026, INPEX agreed to acquire 85% interest in the deepwater Block 2E, which represents an 8.5% interest in the unitised Marjoram field, from…
Read MoreGlobal M&A | Global upstream deal-making in June 2026
Eleven transactions were announced in June 2026, in line with the previous month, with total value rising to approximately US$3.5 billion, underpinned by Shell’s US$1.7…
Read MoreWelligence Egypt M&A | Genel Energy expands its MENA portfolio with US$360 million Capricorn Energy acquisition
On 2 July 2026, Genel Energy agreed an all-cash acquisition of Capricorn Energy. CLIENT ACCESS REQUEST ACCESS
Read MoreUS Gulf of America M&A | Talos & Ridgewood acquire Shell’s Na Kika Hub interests for US$1.7 billion
On 30 June 2026, Shell agreed to sell its 50% non-operated working interest in the 130,000 bbl/d Na Kika semi-submersible facility, its associated interests in…
Read MoreWelligence Vietnam and Egypt M&A | Ratio Petroleum acquires Pharos Energy for US$164 million
On 24 June 2026, Israeli firm Ratio Petroleum announced an all-cash takeover of UK-listed Pharos Energy for a consideration of £124 million (US$164 million). CLIENT…
Read MoreWelligence Sub-Saharan Africa | What to look for in 2026 – H2 Update
At the start of 2026, we highlighted a selection of key events, challenges and opportunities in Sub-Sahara’s upstream to keep a close eye on in…
Read MoreWelligence Indonesia & Malaysia Corporate | Searah sets sail: Eni and PETRONAS launch Southeast Asia’s largest gas & LNG independent
Eni and PETRONAS formally established Searah in June 2026, a 50/50 independent JV combining 19 gas-producing, development and exploration assets, 14 in Indonesia and five…
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