Welligence 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 MoreWelligence UK M&A | Serica Energy acquires Spirit Energy’s Southern North Sea assets
Serica Energy’s acquisition of Spirit Energy’s Southern North Sea portfolio reshapes its UK gas production base. The transaction brings equity in Cygnus, plus interests in…
Read MoreGlobal M&A | Global Upstream deal-making in December 2025 – a summary
Ten deals were announced in December 2025, continuing the strong end to the year. The monthly spend level was also the second highest of the…
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