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Shell grabs 30% stake in another Perdido block
“I think that this move further cements Shell’s position as Mexico’s most active IOC with presence in 11 blocks. It has already drilled two wells…
Latin American M&A rallies
The firm also plans to sell some attractive assets in the pre-salt’s Campos basin. It hopes to offload its entire stakes in the deepwater Albacora…
PetroRio acquires Wahoo/Itaipu from BP for US$140 million
On 19 November 2020, PetroRio announced the purchase of BP’s operated stakes in Wahoo (35.7%) and Itaipu (60%) in a deal worth up to US$140…
Marlim Cluster acquisition opportunity – a deeper dive
The chance to take a 50% stake in Petrobras’ Marlim Cluster of assets (Marlim, Marlim Leste, Marlim Sul, and Voador) is one of the biggest…
Shell leads the way at US Gulf of Mexico Lease Sale 256
Interest remained unsurprisingly subdued in the latest US Gulf of Mexico lease sale as the market downturn continues to impact the industry. The Bureau of…
Bankrolling the Vaca Muerta
“In the past, we have seen how gas subsidies have led to explosive growth in production from the Vaca Muerta,” says Enrique Gonzalez, an analyst…
Deep Dives
PetroRio acquires Wahoo/Itaipu from BP for US$140 million
On 19 November 2020, PetroRio announced the purchase of BP’s operated stakes in Wahoo (35.7%) and Itaipu (60%) in a…
Marlim Cluster acquisition opportunity – a deeper dive
The chance to take a 50% stake in Petrobras’ Marlim Cluster of assets (Marlim, Marlim Leste, Marlim Sul, and Voador)…
Shell leads the way at US Gulf of Mexico Lease Sale 256
Interest remained unsurprisingly subdued in the latest US Gulf of Mexico lease sale as the market downturn continues to impact…
Ghana upstream M&A – US$1 billion of assets up for grabs?
The list of assets up for grabs in Sub-Saharan Africa is growing. This is largely driven by the Majors high-grading…
Americas Upstream Mergers & Acquisitions Report – Q3 2020
As expected, deal flow picked up in Q3 as cash-rich companies started to take advantage of the adverse market conditions….
Can Total’s new South African gas discovery solve the country’s energy crisis?
On October 28, Total made its second discovery on Block 11B/12B in the ultra-deep waters of South Africa’s Outeniqua Basin….
Rumblings on the Ground – Bolivia
Wellcome to the Welligence “Rumblings on the Ground” series. In these short notes, we provide key findings from our research…
New Stratus Energy acquires Repsol’s assets in Ecuador
On 20 October 2020, New Stratus Energy (NSE) announced its entry to Ecuador through the acquisition of Repsol’s subsidiary in…
