Brazil M&A | Brava expands Campos position as PETRONAS repositions and exits Tartaruga Verde & Espadarte Mod. III
On 16 January 2026, Brava announced the acquisition of PETRONAS’ 50%, non-operating interest in Tartaruga Verde and Espadarte Module III in the deepwater Campos Basin.…
Read MoreWelligence Mexico M&A | LUKOIL makes first divestment as Grupo Carso expands upstream portfolio
On 19 January, Grupo Carso announced the acquisition of Fieldwood Mexico, a subsidiary of LUKOIL, for US$600 million, comprising US$270 million cash and the assumption…
Read MoreWelligence APAC | What to look for in 2026
Asia Pacific upstream in 2026 is shaping up to be a catalyst-driven year, with portfolio rationalisation accelerating alongside a renewed push to explore frontier basins…
Read MoreWelligence Sub-Saharan Africa Q4 2025 M&A Quarterly | A late rebound in an otherwise selective M&A year
Sub-Saharan Africa upstream M&A saw a late-year rebound in Q4 2025 as deal-making returned after a quiet third quarter. Transactions in Nigeria, Angola and Namibia…
Read MoreWelligence MENA Q4 2025 M&A Quarterly | Two deals announced, as MENA M&A remained subdued into year-end
Two deals were announced in Q4 2025. One in Egypt and one in Oman. This marked an increase in deal activity from the previous quarter;…
Read MoreWelligence Sub-Saharan Africa | What to look for in 2026
Upstream activity in Sub-Saharan Africa enters a pivotal year in 2026 as operators push frontier and mature plays. Onshore efforts in Uganda, Kenya, Namibia and…
Read MoreArgentina M&A | Continental Resources expands Vaca Muerta portfolio with acquisition from PAE
On 5 January 2026, Continental Resources (CLR) announced the acquisition of 20% non-operated stakes of Pan American Energy’s (PAE) participation in four Vaca Muerta shale…
Read MoreWelligence North America Q4 2025 M&A Quarterly | Harbour makes a splash in an otherwise quiet year
Q4 2025 deal activity was limited to a single announced transaction, consistent with deal-making throughout the year – this reflects market caution given political volatility…
Read MoreWelligence Europe Q4 2025 M&A Quarterly | M&A hits a four year quarterly high
European upstream M&A hit a four year quarterly high in Q4 2025, driven by renewed North Sea dealmaking. The report tracks 11 transactions across the…
Read MoreWelligence Nigeria M&A | Heirs Energies acquires 20.07% stake in Seplat Energy from Maurel & Prom
Nigeria upstream M&A ends the year strongly as Heirs Energies acquires a strategic minority stake in Seplat Energy. The deal broadens Heirs Energies exposure to…
Read More