Deep Dives
US Alaska M&A | ConocoPhillips consolidates Alaska portfolio by acquiring Chevron’s stakes in certain fields
In October 2024, ConocoPhillips announced the acquisition of a package of assets in Alaska from Chevron for US$300 million – a 4.9% stake in…
Read MoreWelligence Europe Q3 2024 M&A Report | Deal activity wanes again
Three deals were announced in Q3 2024, reduction on the nine in Q2, with one deal apiece in the UK, Norway and Netherlands. The focus…
Read MoreWelligence GHG | The overlooked environmental impacts of offshore tiebacks
Our analysis indicates that Jackdaw’s updated development plan has not only led to a 19.62% decrease in valuation, but it could also have the unintended…
Read MoreNorway Rumblings on the Ground | M&A market fails to ramp up but opportunities remain
Welligence recently attended ONS in Stavanger and subsequently visited Oslo to meet with key stakeholders in the O&G sector to discuss current and upcoming activity,…
Read MoreBrazil M&A | PRIO set to become LatAm’s largest public independent producer
On 27 September 2024, PRIO announced the acquisition of Sinochem’s Brazilian subsidiary, which holds a 40% non-operated stake in the Equinor-operated Peregrino and Pitangola heavy…
Read MoreWelligence Mexico M&A | PTTEP exits Mexico with Chinwol-Polok divestment to Repsol
On 20 September 2024, PTTEP announced the sale of its 16.67% stake in the Chinwol-Polok asset, located in Block 29, to Repsol for an undisclosed…
Read MoreNorway M&A| Lime Petroleum acquires OKEA’s Yme interest
On 23 September 2024, Lime Petroleum acquired OKEA’s 15% interest in the Yme field for US$15.65 million. Lime Petroleum will also pay OKEA US$9.2 million…
Read MoreTrinidad & Tobago | Ballot boxes and Venezuela – the outlook for Trinidad’s gas sector
The Welligence team recently spent a week in Trinidad and Tobago meeting with upstream companies, government officials, and key stakeholders to gauge the latest topics…
Read MoreOman M&A | ROC Oil makes MENA debut in Oman with US$185 million Tethys Oil acquisition
On 13 September 2024, ROC Oil announced a US$185 million cash offer to acquire Tethys Oil including its 30% interest in the onshore producing Blocks…
Read MoreArgentina M&A | YPF kicks off sales program as local independents snap up packages
YPF has signed contracts for nine of the eleven clusters available in its “Project Andes” divestment program. The details of each sale, including consideration and…
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