Deep Dives
Malaysia Rumblings on the Ground | Gas is the focus for M&A, licensing and development in Asia Pacific
The Welligence team recently attended the Offshore Technology Conference Asia (OTC Asia) 2024 in Kuala Lumpur. The event was an excellent and well-attended forum for…
Read MoreWelligence Cote d’Ivoire M&A | VAALCO takes out Svenska and enters Côte d’Ivoire
On 29 February 2024, VAALCO Energy announced it had agreed to acquire Svenska Petroleum Exploration for US$66.5 million. Svenska’s primary asset is the producing deepwater…
Read MoreAustralia M&A | JERA increases Australian LNG exposure, as Woodside trims Scarborough stake
On 23 February 2024, Woodside announced that it has agreed to sell a 15.1% interest in its operated Scarborough JV to JERA, for US$1.4 billion.…
Read MoreEgypt Rumblings on the Ground | Receivables issue dominates EGYPES conversations – is there light at the end of the tunnel?
Welligence participated in last week’s Egypt Energy Show (EGYPES) in Cairo. EGYPES is the largest energy conference in North Africa and the East Mediterranean. This…
Read MoreUS GoM M&A | Esperanza acquires ExxonMobil’s stake in Ursa/Princess
On 21st February 2024, Esperanza Capital Partners announced the acquisition of ExxonMobil’s 15.96% stake in the Shell-operated Ursa/Princess fields in the deepwater US Gulf of…
Read MoreWelligence Egypt M&A | bp and ADNOC to form a joint venture in Egypt
On 14 February 2024, ADNOC and bp announced that they had agreed to form a joint venture in Egypt. bp will provide the assets and…
Read MoreWelligence UK Fiscal & Policy | Labour’s proposed windfall tax terms – another damaging shift in policy on the cards?
On 8 February, the Labour Party announced that it was reducing its £28bn annual expenditure target on green/renewable energy. As part of this announcement and…
Read MoreUK Licensing | Big players continue to dominate 33rd Round awards
On 31 January 2024, the NSTA announced the offers of awards in the second tranche of the 33rd Offshore Licensing Round. A total of 24…
Read MoreGlobal M&A | TotalEnergies establishes Malaysian gas foothold through deal with OMV
On 31 January 2024, TotalEnergies announced that it had agreed to acquire OMV’s 50% stake in the SapuraOMV JV for US$903 million. The consideration includes…
Read MoreAmericas Q4 2023 M&A Quarterly | Deal-making is back on the table
Q4 2023 saw a slight uptick in deal flow anchored by a flurry of transactions in the US Gulf of Mexico and Brazil. We also…
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