Deep Dives
Argentina M&A | Crown Point Energy expands in the conventional sector as YPF, Tecpetrol, and Pampa Energia divest
On 4 June 2025, Crown Point Energy signed contracts with YPF, Pampa Energia, and Tecpetrol to acquire each company’s stake in three mature, conventional producing…
Read MoreKazakhstan Rumblings on the Ground | Ongoing arbitration clouds significant opportunities
Welligence recently visited Almaty & Astana in Kazakhstan to meet with key stakeholders in the energy sector to gauge the overall upstream climate and the…
Read MoreWelligence Nigeria M&A | Shell consolidates in OML 118 (Bonga), buys out TotalEnergies for US$510 million
On 29 May 2025, TotalEnergies said it had agreed with Shell to sell its non-operated 12.5% interest in the OML 118 licence for US$510 million.…
Read MoreWelligence Mexico | Mexico’s fiscal changes: meaningful reform or a half step?
The government of Mexico has introduced two new changes to its fiscal regime. The first is a new tax framework called “Derecho Petrolero del Bienestar”…
Read MoreUAE M&A | LUKOIL doubles down in Abu Dhabi’s offshore ultra-sour gas project as OMV exits
LUKOIL has doubled its interests in the Ghasha Offshore Ultra Sour concession in Abu Dhabi, but what does that mean for the company’s international portfolio?…
Read MoreWelligence M&A | Global upstream deal-making in May 2025 – a summary
There were nine transactions announced in May 2025, up from four in April, and above the rolling 12-month average. CLIENT ACCESS REQUEST ACCESS
Read MoreUK Fiscal & Policy | The potential of undeveloped gas discoveries to boost the UK’s energy security
In May 2025, Welligence presented the following analysis at the DEVEX conference in Aberdeen, examining if the remaining undeveloped discoveries in the UK could supplement…
Read MoreThailand Rumblings on the Ground | New entrants and Andaman Sea licensing drives Thai E&P interest
Welligence recently visited Bangkok, Thailand and attended the SEAPEX Exploration Conference in Singapore. We met with key industry stakeholders to gauge the country’s energy outlook…
Read MoreTurkmenistan M&A | XRG and Hazarnebit acquire equity in Block 1 from PETRONAS in a significant deal for Turkmenistan
PETRONAS has signed a new PSC for Block 1 in Turkmenistan, a large producing gas/condensate project, with XRG (ADNOC) and Turkmen state enterprise Hazarnebit joining…
Read MoreEnergy Transition | The EU’s Oil & Gas CCS Mandate: Balancing Ambition with Reality
The EU has passed legislation that obligates 29 leading oil & gas companies to provide a collective 50 MMtpa of CO2 storage and injection capacity…
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