Welligence Latin America Q1 2026 M&A Quarterly | Outside of L48 Latin America leads in deal count
13 deals were announced during Q1 2026, three of which failed, bringing the total to ten deals, compared with five in Q4 2025 and 14…
Read MoreWelligence Corporate | International BD strategies of the NOCs
The international business development strategies of NOCs have been diverging in recent years. As the macro environment evolves, shaped by the ongoing tensions in the…
Read MoreAtlantic Margin Exploration | Exploration insights across the Atlantic Margin
The Atlantic Margin is one of the most consistently successful exploration provinces globally, delivering material discoveries across multiple basins and exploration cycles. Since 2010, more…
Read MoreBrazil M&A | KUFPEC enters Brazil with 20% acquisition of pre-salt Orca Project from Shell
On 3 February 2026, Kuwait Foreign Petroleum Exploration Company (KUFPEC) announced the acquisition from Shell of a 20% non-operating stake in the Orca and Sul…
Read MoreWelligence Latin America Q4 2025 M&A Quarterly | Argentina and Brazil continue to lead M&A activity
Latin America Q4 2025 ended with five deals announced, keeping pace with the five deals in Q3 2025 and surpassing the three deals in Q4…
Read MoreBrazil 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 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…
Read MoreBrazil Licensing | Petrobras & Shell anchor PPSA’s 1st Tract Participation Round as government scores fiscal success amid muted sector appetite
On 4 December 2025, the PPSA (Pre-Sal Petroleo S/A) held its 1st Tract Participation Round, offering its minority stakes in the Mero (3.5%), Tupi (0.551%)…
Read MoreOffshore Electrification Sinks in the New Tide of Upstream Decarbonization
Offshore electrification in the North Sea is becoming increasingly uneconomic, even with Norwegian carbon prices reaching 237 USD/ton by 2030, pushing Norway and the UK…
Read MoreBrazil Rumblings on the ground | Brazil 2026 – Balancing upstream growth, energy transition and energy security amid election uncertainty
Welligence recently visited Rio de Janeiro, Brazil, to meet with key stakeholders in the O&G sector to gauge the overall upstream climate and discuss the…
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