Deep Dives
Welligence | Iraq Elections 2025: What Happened, What’s Next and Implications for the Oil Sector
The RDC claimed victory amidst a high voter turnout in Iraq’s sixth election. What implications does this have for the country’s ambitious oil sector? CLIENT…
Read MoreCompany Spotlight | LLOG Value Sensitivities: Key Levers, Risks, and Upside
Following our recent LLOG Company Spotlight, we used Welligence’s new Corporate Model, which will soon be available to clients, to quantify how LLOG’s value shifts…
Read MoreWelligence US Gulf of America Licensing | The next GoM lease sale – will it be Big and Beautiful?
The upcoming US GoM lease sale is expected to draw significant interest as operators prepare for the first round in two years. Companies are expected…
Read MoreCompany Spotlight | Galp – Repositioning the business and unlocking value via the drill bit
Galp’s selective upstream growth and disciplined decarbonisation strategy has resonated with investors. What’s the outlook for the Portuguese E&P? CLIENT ACCESS REQUEST ACCESS
Read MoreADIPEC Rumblings on the Ground | East Med gas updates, soaring interest in unconventionals and Iraq in the spotlight
Welligence attended ADIPEC 2025 last week, hosted in Abu Dhabi. The conference, one of the largest in the world, provided an opportunity to meet with…
Read MoreEgypt M&A | Arcius Energy strikes its second deal offshore Egypt, acquiring a gas discovery from Shell and bp
Arcius Energy has signed a binding agreement to acquire Shell’s 60% and bp’s 40% interest in the El Burg concession in Egypt’s shallow water Mediterranean.…
Read MoreWelligence Brunei Darussalam Reaction | Brunei’s Ultra-Deepwater Breakthrough: PETRONAS takes FID at Kelidang Cluster gas project
In early-November 2025, PETRONAS reached the Final Investment Decision for the Kelidang Cluster gas project, in Block CA-2, offshore Brunei Darussalam. The development marks a…
Read MoreGlobal M&A | Global Upstream deal-making in October 2025 – a summary
Just three transactions were announced in October 2025, half the rolling 12-month average. Serica Energy and Tenaz Energy continued their respective expansion drives in the…
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…
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