Deep Dives
Welligence CCUS | EPA Approves First Permit for Onshore Carbon Capture and Storage in California
California Resources Corporation (CRC) secured the first-ever Class VI permit from the Environmental Protection Agency (EPA) for the underground injection and storage CO₂. This permit…
Read MoreAustralia M&A | Chevron and Woodside Energy consolidate their Australian interests
On 19 December 2024, Chevron and Woodside agreed to an asset swap deal (with a cash component), allowing each company to consolidate their respective assets…
Read MoreAlgeria M&A | PTTEP acquires ENGIE’s interest in the Touat gas fields in Algeria
On 20 December 2024, PTTEP’s acquisition of ENGIE’s stake in the Touat gas project in Algeria was announced. No consideration was revealed. The project is…
Read MoreArgentina M&A | Pluspetrol strengthens Vaca Muerta portfolio with acquisition from ExxonMobil/QatarEnergy
On 16 December 2024, Pluspetrol announced the acquisition of operated and non-operated stakes in six Vaca Muerta blocks from ExxonMobil and QatarEnergy (which acquired a…
Read MoreUS GoM M&A | INEOS makes US Gulf of Mexico debut with acquisition of CNOOC portfolio
On 14 December 2024, INEOS announced the acquisition of CNOOC’s US Gulf of Mexico portfolio for an undisclosed consideration. Key assets include the Shell-operated…
Read MoreTrinidad & Tobago M&A | Touchstone Exploration expands gas business with acquisition from Shell
On 13 December 2024, Touchstone Exploration entered into an agreement with Shell to acquire the onshore Central Block for US$23 million in cash, subject to…
Read MoreUK M&A | Serica acquires Parkmead’s UK business
On 12 December, Serica Energy agreed to acquire Parkmead’s UK business, comprising a 50% interest in the undeveloped Fynn/Beauly discovery (licence P2634) and a 50%…
Read MoreArgentina Rumblings on the Ground | is a bullish outlook reasonable?
Welligence recently visited Buenos Aires, Argentina to meet with key stakeholders in the O&G sector to gauge the overall upstream climate and discuss the country’s…
Read MoreGlobal M&A | Kosmos in talks to acquire Tullow
On 12 December 2024, it was confirmed that Kosmos Energy is in preliminary talks to take over Tullow Oil in a potential all-share transaction. Kosmos…
Read MoreWelligence | Weekly Quick Takes
This report provides our clients with access to the key postings on our LinkedIn page. It is regularly updated, with the most recent posts sitting…
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