AOW Rumblings on the Ground | The continent sticks to its own Energy Transition script
The Welligence team attended Africa Oil Week (AOW) this year in Cape Town, South Africa. We met with multiple clients and key stakeholders focused on…
Read MoreSub-Saharan Africa Q3 2023 M&A Quarterly | Deal flow remains strong with plenty on the menu heading into 2024
Four deals were announced in Q3, two in Angola and one each in Nigeria and Gabon. Activity was driven by African-focused independents and brownfield specialists…
Read MoreAngola M&A | PETRONAS gets a piece of the Kwanza Basin from TotalEnergies
On 27th September 2023, TotalEnergies announced during its 2023 Strategy and Outlook Day that it had agreed to sell 40% of its interests in Blocks…
Read MoreWelligence Sub-Saharan Africa | LNG powerhouses look to plug feedstock gap
West Africa’s three established LNG suppliers, Angola LNG (ALNG), Equatorial Guinea LNG (EGLNG) and Nigeria LNG (NLNG) have all been struggling to maximise output. With…
Read MoreWelligence Global Exploration Outlook | Offshore exploration drilling outlook
In this report, we analyse exploration drilling plans in Europe, Latin America, MENA, Sub-Saharan Africa and US Gulf of Mexico. We have a line of…
Read MoreAngola M&A | Afentra takes Azule out of Blocks 3/05 and 3/05A
On 19 July 2023, Afentra announced an agreement to acquire a 12% interest in Block 3/05 and 16% in Block 3/05A offshore Angola from Azule…
Read MoreWelligence Corporate | Capex guidance — sector set for 16% uplift in investment in 2023
With reporting season largely over, the vast majority of companies have now reported guidance for 2023. ACCESS PDF
Read MoreWelligence Angola Rumblings on the Ground | New developments underway, but can exploration replenish the hopper?
Welligence recently visited Luanda, Angola to meet with key stakeholders in the O&G sector to gauge the overall upstream climate and the overall outlook for…
Read MoreWelligence Corporate | Majors report in latest E&P 2023 capex guidance update
Welligence releases the latest capex guidance tracker including the Majors announcements and introduces new functionality. ACCESS PDF
Read MoreWelligence Sub-Saharan Africa M&A | Somoil snaps up Galp’s Angolan portfolio
On 13th February 2023, Galp announced it had agreed to sell its Angolan upstream portfolio to Somoil for US$830 million, comprising US$655 million on completion…
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