Europe Q1 2024 M&A Quarterly | Deal making on pause, but for how long?
Just one asset deal was announced in Q1 2024, a step change from the nine in Q4 2023, representing a low level of activity not…
Read MoreNorth America Q1 2024 M&A Quarterly | Independents drive steady deal flow in US GoM
All three deals announced in Q1 2024 were located in the US Gulf of Mexico and involved packages of assets. In each case, the reserves…
Read MoreLatin America Q1 2024 M&A Quarterly | A slow start to the year, but calm before the storm?
There were just three deals announced in the quarter, following a flurry of activity at the end of 2023. The first transaction was in Argentina…
Read MoreSub-Saharan Africa Q1 2024 M&A Quarterly | Deal-making momentum continues, but can it be sustained?
Building upon increasing M&A activity in 2022, last year emerged as the most active period for M&A since the onset of COVID-19. The first quarter…
Read MoreWelligence MENA Q1 2024 M&A Report | Mixed fortunes for ADNOC and bp’s East Med gas deals
Three deals were announced in the MENA region in Q1 2024, which we valued at a total consideration of US$1.7 billion. We estimate the deals…
Read MoreUK M&A | Ithaca Energy and Eni propose North Sea merger
On 27 March 2024, Ithaca Energy released its 2023 results and simultaneously announced that it had entered into a four week long Exclusivity Agreement in…
Read MoreBrazil M&A | Consolidation race in Brazil – independent E&Ps pursue mergers
Consolidation among Brazil’s independents looks set to kick off, with 3R Petroleum the “target”. Maha Energy made the first move, proposing a merger of 3R’s…
Read MoreMexico M&A | Pemex’s evolution: uncovering hidden gems through divestment
Pemex’s portfolio comprises ~350 producing fields, with the Top 25 contributing 76% (2 MMboe/d) of total production. This elite group primarily consists of shallow-water oil/gas…
Read MoreArgentina M&A | Opportunity knocks for Argentina’s independents – YPF’s divestment program
On 1st March 2024, YPF formally announced its intention to “optimize its Conventional Upstream portfolio”. The company will look to sell, or return to the…
Read MoreUS GoM M&A | OG Energy achieves US GoM critical mass with acquisition from Beacon Offshore
On 29 March 2024, Beacon Offshore announced the completion of the divestment of its non-operated interests in certain fields to OG Energy for an undisclosed…
Read More