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Welligence M&A | Global upstream deal-making in April 2025 – a summary

There were four transactions announced in April 2025, down on the 13 announced in March, and below the rolling 12-month average. CLIENT ACCESS REQUEST ACCESS

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Welligence M&A | Robust first quarter but signs that M&A is slowing

Around US$34 billion was spent on M&A globally in Q1, across 47 transactions. As usual, the majority of deal-making was onshore North America, which accounted…

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Welligence Canada Politics | Carney leads Liberal Party to victory in Canada’s election

As expected, the Liberal Party is victorious in Canada’s General Election, meaning Mark Carney will continue in his role as Prime Minister. CLIENT ACCESS REQUEST…

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Welligence Canada Politics | Carney set for election victory in Canada? What it means for the oil & gas sector

Mark Carney appears poised to lead the Liberal party to a majority government victory on 28 April. In just three months, the party has come…

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Argentina M&A | Vista expands Vaca Muerta position in US$1.5 billion deal with PETRONAS

On 16 April 2025, Vista Energy announced the acquisition of a 50% non-operated stake in La Amarga Chica from PETRONAS for a consideration of US$1.5…

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Welligence MENA Q1 2025 M&A Quarterly | Two deals struck and one terminated

In Q1 2025, two deals were announced but only one had a published deal consideration. UEG announced a consideration of US$150 million, subject to timing…

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Welligence Sub-Saharan Africa Q1 2025 M&A Quarterly | Last-moment deals kick start Q1 with a robust pipeline going into 2025

Sub-Saharan Africa saw a slow start to the first quarter in 2025 with just two deals, aligning with the same momentum in the last quarter…

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APAC Q1 2025 M&A Quarterly | Deal-making pivoted to lower-risk assets

In Q1 2025, three deals were reported across Australia, Thailand and Vietnam. Although it is a quieter quarter, the region’s M&A activity is driven by…

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Welligence Latin America Q1 2025 M&A Quarterly | Deal-making slows down, but new activity is imminent

14 deals were announced during Q1 2025, versus the three in Q4 2024 and three seen in Q1 2024 a year prior. The price of…

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Welligence Europe Q1 2025 M&A Quarterly | Five deals announced, US$5 billion traded

Five transactions were announced in Q1 2025, in line with the quarterly average since 2021. While deal volume was steady, the total value traded was…

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