Deep Dives
Welligence Global FPSO Review | Supply chain pressure continues to hit the FPSO market
The FPSO market is witnessing a resurgence in demand. South America remains the industry hotspot, but activity is set to pick up in frontier countries…
Read MoreUK M&A | Ithaca Energy acquires JAPEX UK
On 25 March 2025, Ithaca Energy announced the acquisition of JAPEX’s UK business for an estimated cash consideration at completion of US$140 million, based on…
Read MoreGabon M&A | Tullow Oil exits Gabon, sells to Gabon Oil Company
On 24 March 2025, Tullow said it had reached a binding heads of terms agreement with Gabon Oil Company for the sale of its Gabonese…
Read MoreNorway M&A | DNO acquires Sval Energi from HitecVision
In March 2025, DNO announced the acquisition of Sval Energi from HitecVision for a cash consideration of US$450 million, which DNO reported is based on…
Read MoreCôte d’Ivoire and Congo Brazzaville M&A | Vitol buys Eni stakes in Côte d’Ivoire and Congo Brazzaville for US$1.65 billion
On 19 March 2025, Vitol acquired interests in assets owned and operated by Eni in Côte d’Ivoire and Congo Brazzaville for US$1.65 billion, with an…
Read MoreWelligence Company Spotlight | SierraCol Energy – the largest oil producing independent in Colombia
SierraCol Energy is one of the leading independents in Latin America. Solely focused on Colombia, the company has built a material, operated portfolio over the…
Read MoreWelligence GHG | Benchmarking IOCs – How regional exposure drives emissions intensity
With the release of US Lower 48 completing Welligence’s global Scope 1 and 2 emissions coverage, our global clients now have access to the upstream…
Read MoreSoutheast Asia Rumblings on the Ground | Southeast Asia E&P: Andaman Sea licensing ramps up
Welligence recently attended events in Malaysia (MBR 2025 and IPTC), Singapore (SEAPEX) and visited Indonesia. We met with key stakeholders in the O&G sector to…
Read MoreEnergy Transition | Review of Majors’ 2024 Results – Strategies in Transition
Though most majors have released 2024 results and plans for 2025, bp’s announcements grabbed the headlines. As laid out in our 2025 Look Ahead and…
Read MoreWelligence Venezuela | OFAC orders Chevron to wind down operations in Venezuela
It’s official, Chevron has been ordered to cease activities in Venezuela. The Office of Foreign Assets Control (OFAC) issued General License (GL) 41A on 4th…
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