Welligence Angola M&A | Afentra and Maurel & Prom acquire etu energia’s stakes in Blocks 3/05 and 3/05A
Afentra and Maurel & Prom have agreed to jointly acquire etu energia’s 10% stake in Block 3/05 and 13.33% stake in Block 3/05A for US$46…
Read MoreWelligence Global M&A | Santos to fill XRG’s Pacific LNG needs?
A consortium comprising XRG (a subsidiary of ADNOC), Abu Dhabi Development Holding Company (ADQ) and private equity firm Carlyle, has submitted a non-binding proposal to…
Read MoreArgentina M&A | Crown Point Energy expands in the conventional sector as YPF, Tecpetrol, and Pampa Energia divest
On 4 June 2025, Crown Point Energy signed contracts with YPF, Pampa Energia, and Tecpetrol to acquire each company’s stake in three mature, conventional producing…
Read MoreWelligence Nigeria M&A | Shell consolidates in OML 118 (Bonga), buys out TotalEnergies for US$510 million
On 29 May 2025, TotalEnergies said it had agreed with Shell to sell its non-operated 12.5% interest in the OML 118 licence for US$510 million.…
Read MoreUAE M&A | LUKOIL doubles down in Abu Dhabi’s offshore ultra-sour gas project as OMV exits
LUKOIL has doubled its interests in the Ghasha Offshore Ultra Sour concession in Abu Dhabi, but what does that mean for the company’s international portfolio?…
Read MoreWelligence M&A | Global upstream deal-making in May 2025 – a summary
There were nine transactions announced in May 2025, up from four in April, and above the rolling 12-month average. CLIENT ACCESS REQUEST ACCESS
Read MoreTurkmenistan M&A | XRG and Hazarnebit acquire equity in Block 1 from PETRONAS in a significant deal for Turkmenistan
PETRONAS has signed a new PSC for Block 1 in Turkmenistan, a large producing gas/condensate project, with XRG (ADNOC) and Turkmen state enterprise Hazarnebit joining…
Read MoreUK M&A | Ithaca Energy increases Cygnus gas field interest
On 20 May 2025, Ithaca Energy announced the acquisition of a 46.25% interest from Spirit Energy in the Southern North Sea Cygnus gas field for…
Read MoreBrazil M&A | Equinor’s flagship Brazil exit reinforces PRIO’s position as the leading LatAm dealmaker
On 1 May 2025, PRIO announced the acquisition of Equinor’s 60% operating stake in the Peregrino and Pitangola heavy oil fields for a headline consideration…
Read MoreWelligence Global Corporate | Oil market uncertainty – budgets and barrels at risk?
The oil sector once again finds itself in an uncertain market environment. At the time of publication of this report, Brent crude prices are hovering…
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