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Arc of instability threatens Sahel’s upstream, pipeline ambitions
“The trend shows that there is a growing political risk in the Sahel, (especially in the Francophone region),” noted Ifeanyi Onyegiri, analyst at upstream consultancyWelligence….
Exxon looks for long-term rig duo off Nigeria
Welligence vice president Obo Idornigie said partners in Owowo were planning to tie the field back to Usan FPSO, which is underutilised. “This is encouraging…
Oman M&A | Oman’s OQ Group in US$1.4 billion divestment
On 22 August 2023, Oman’s OQ Group reached an agreement to sell 40% non-operating stakes in Block 60 (its flagship producing asset) and the adjacent…
Energy giants place tentative bets on oil finds in ‘wildcat’ Uruguay
“Uruguay has never yielded a commercial discovery… from an oil & gas point of view, it is high risk, but that’s what companies are chasing,”…
The Fateful Eight: Can the North Sea reach its 2030 electrification target?
Given the high upfront costs, facilities will need “a sufficiently long productive life, at least into the mid-2030s, to make such an investment economically viable,”…
Shell pushes on with CCS in Southern North Sea transformation
The firm “will need to utilise all decarbonisation levers to achieve this goal,” said Mr Tamayo, “including the divestment of non-strategic assets and CCS”.
Deep Dives
Oman M&A | Oman’s OQ Group in US$1.4 billion divestment
On 22 August 2023, Oman’s OQ Group reached an agreement to sell 40% non-operating stakes in Block 60 (its flagship…
Welligence | Weekly Quick Takes
This report provides our clients with access to the key postings on our LinkedIn page. It is regularly updated, with…
UK M&A | Ithaca goes all in on Cambo via Shell acquisition
On 12 September 2023, Ithaca Energy announced it had acquired Shell’s 30% in the West of Shetland (WoS) Cambo development…
Welligence Nigeria M&A – Oando consolidates onshore, buys out Eni from NAOC JV
On 4 September 2023, Oando announced the acquisition of Eni’s wholly-owned Nigerian subsidiary, Nigerian Agip Oil Company Ltd (NAOC), for…
Brazil Rumblings on the Ground | Navigating new horizons: Lula, Petrobras, and the strategy for an emerging gas market
Welligence recently visited Rio de Janeiro and Sao Paulo to meet with key stakeholders in the O&G sector to gauge…
Welligence Sub-Saharan Africa | LNG powerhouses look to plug feedstock gap
West Africa’s three established LNG suppliers, Angola LNG (ALNG), Equatorial Guinea LNG (EGLNG) and Nigeria LNG (NLNG) have all been…
Welligence Sub-Saharan Africa | Eni brings Baleine online in less than two years
Eni has started production from the deepwater Baleine field located on blocks C1-101 and CI-802, offshore Côte d’Ivoire. The announcement…
Energy Transition | How can E&Ps drive down emissions?
Welligence has launched the Energy Transition Targets Tracker to help our clients keep track of upstream decarbonization goals.At least 95…
