US GoM M&A | Shell consolidates at Ursa/Princess with acquisition of ConocoPhillips’ US Gulf of Mexico portfolio
On 21 February 2025, Shell announced the acquisition of ConocoPhillips’ non-operated US Gulf of Mexico portfolio for US$735 million. The portfolio includes a 15.96% interest…
Read MoreEgypt M&A | United Energy Group acquires Apex International Energy
On 7 February 2025, United Energy Group (UEG) entered into a Sale and Purchase Agreement (SPA) with Apex International Energy (Apex). UEG will fully acquire…
Read MoreWelligence M&A | Global upstream deal-making in January 2025 – a summary
There were six transactions announced in January 2025, down from the 10 in December and broadly in line with the rolling 12-month average. The announced…
Read MoreVietnam M&A | EnQuest acquires operatorship of Block 12W as Harbour Energy exits Vietnam
On 22 January 2025, EnQuest signed a Sale and Purchase Agreement (SPA) with Harbour Energy to acquire a 53.125% operating equity interest in Block 12W…
Read MoreIsrael M&A | SOCAR acquires 10% of Tamar gas field from Union Energy and Tamar Petroleum
On 31 January, the State Oil Company of the Republic of Azerbaijan (SOCAR) announced the acquisition of a 10% interest in the Tamar gas field…
Read MoreAPAC Q4 2024 M&A Quarterly | Chevron-Woodside Energy asset swap closes a vibrant gas-dominated M&A year
The year saw 18 deals announced with a total published consideration of US$4.5 billion. In comparison, 2023 had 26 deals but only US$1.7 billion of…
Read MoreSub-Saharan Africa Q4 2024 M&A Quarterly | A tame finish to the year — can SSA’s leading producers propel M&A forward in 2025?
Sub-Saharan Africa saw a slow close to last quarter with just two deals, a stark contrast to the strong momentum of early 2024. Still, deal…
Read MoreColombia M&A | Maurel & Prom balances up portfolio with US$150 million gas deal in Colombia
Maurel & Prom (M&P) is to acquire a 40% operational stake in the SN-9 gas project from NG Energy for US$150 million. CLIENT ACCESS REQUEST…
Read MoreMENA Q4 2024 M&A Quarterly | Just one transaction as deal activity remains muted
Only one M&A deal was announced in Q4 2024 in the MENA region. PTTEP is to acquire ENGIE’s interest in the Touat gas fields in…
Read MoreColombia M&A | Pre-emptive rights prevent GeoPark from acquiring Repsol’s Colombia portfolio
GeoPark’s planned acquisition of Repsol’s Colombia portfolio has been undone by the existing partners in the assets exercising their pre-emption rights. ACCESS PDF
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