Deep Dives
Welligence 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…
Read MoreWelligence Global Corporate | European listed E&Ps – Does the sector need to consolidate?
Just over a decade ago, there were around 30 European-listed E&Ps (excluding the Majors), with a combined market capitalisation of just over US$105 billion (as…
Read MoreColombia Politics | Pro-oil & gas de la Espriella wins Colombia run-off in razor-thin result
On 21 June 2026, Colombia elected Abelardo de la Espriella (Defensores de la Patria) president in a razor-thin runoff, defeating Ivan Cepeda (Pacto Historico) by…
Read MoreGeopolitics Iran | From Ceasefire to Framework: What the US-Iran MoU Means for Oil Markets
Beyond a ceasefire, the US-Iran MoU is a framework for negotiating a broader political, security and economic settlement, and the events of the past week…
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