Welligence Global Q2 2025 M&A Quarterly | All eyes on XRG’s move for Santos
Around US$39 billion was spent on M&A globally in Q2, across 35 transactions. The majority of deal-making occurred in onshore North America, which accounted for…
Read MoreGlobal Corporate | The shrinking pool of Large International E&Ps – what’s next?
The pool of Large International E&Ps has been shrinking. With Chevron’s completion of its acquisition of Hess, the peer group is almost half its size…
Read MoreAnalyst Says ‘Uncertainties Remain’ at BP Bumerangue Find
“BP’s disclosure of the Bumerangue discovery points to a potentially material find, though uncertainties remain regarding its size and commercial viability.” That’s what Obo Idornigie,…
Read MoreBrazil Exploration | Bumerangue – bp’s pre-salt exploration success
bp has announced a potentially material pre-salt discovery at the Bumerangue exploration block, located in the southern Santos Basin. CLIENT ACCESS REQUEST ACCESS
Read MoreQuarterly Upstream GHG Report – South America (Q2 2025)
Welligence’s second quarterly emissions report of 2025 continues a series in which we provide clients with analysis on the emissions performance of the upstream sector…
Read MoreWelligence Latin America Q2 2025 M&A Quarterly | A robust deal-making quarter in Latin America
This quarter saw a drop in activity, with nine deals announced, compared to 14 in Q1 2025 and seven in Q2 2024. Similar to previous…
Read MoreBrazil Licensing | Brazil’s frontier play heats up as Chevron, CNPC, ExxonMobil, and Petrobras go big in Foz do Amazonas
On 17 June 2025, the ANP awarded 34 of the 172 available blocks across the Santos, Pelotas, Foz do Amazonas, and Parecis basins as part…
Read MoreWelligence Global Corporate | Exploring the upstream JV/satellite models
The creation of JV companies by European IOCs has been grabbing headlines recently. Will the model continue to gain traction with other IOCs? CLIENT ACCESS…
Read MoreWelligence M&A | Global upstream deal-making in May 2025 – a summary
There were nine transactions announced in May 2025, up from four in April, and above the rolling 12-month average. CLIENT ACCESS REQUEST ACCESS
Read MoreWelligence Global Fiscal | Global trends in petroleum fiscal terms – a race to the top?
Since the 2014 oil price crash, countries have increasingly competed for limited upstream investment by adopting investor-friendly reforms—driven by declining investment, tighter capital availability, and…
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