Shell/Ecopetrol & TotalEnergies battle it out in Brazil’s latest bid round
The ANP’s 3rd Permanent Bid Round (Concession) was a success, drawing competition from some of the industry big guns, while allowing Brazil’s newly emergent and…
Read MoreWelligence Americas M&A Q1 2022 | Strong quarterly deal flow in Brazil, but will high prices deter activity over the rest of the year?
A pair of Petrobras sales in Q1 is set to bring in almost US$2 billion. In January, the company sold the Potiguar Cluster to 3R…
Read MoreGame changing acquisition in Brazil — Seacrest takes the Norte de Capixaba Cluster
Another important onshore cluster was sold this week by Petrobras as part of their ongoing divestment program. This time Seacrest Petroleo SPE Norte Capixaba (a…
Read MoreBrazil Country Overview Report (CORE)
The Welligence Country Overview Report (CORE) offers a comprehensive overview of the E&P sector in the country and like the rest of our platform, it…
Read MoreAnother record-breaking onshore deal in Brazil – 3R Petroleum takes the Potiguar Cluster
As we anticipated in our previous report where Grupo Cobra took the Carmopolis Cluster for US$1.1 billion, more sizeable Petrobras divestments were coming. And at…
Read MoreAmericas Upstream M&A Report — Q4 2021
With expectations of oil price stability, the market for Upstream M&A could be set for some big announcements – as usual, Brazil will dominate. This…
Read MoreBrazil M&A | Brazil’s biggest ever onshore deal – Carmo Energy takes Carmopolis
One of the biggest impacts of Petrobras’ divestment program is the creation of a sizeable independent E&P sector in Brazil – it’s starting to rival…
Read MoreBrazil Licensing | Petrobras and Majors bid aggressively in Brazil’s Surplus ToR offering
The results of last Friday’s 2nd Surplus Transfer of Right (“ToR”) Round are a big success for the ANP. Not only were both Atapu and…
Read MoreLatin American oil auctions kick off after two-year lull
“The last two years have been hard for the region,” said Andres Armijos, the Latin America chief at energy consultancy Welligence. “There is now the…
Read MoreBrazil Licensing | Will anyone bid in Brazil’s 2nd Surplus Transfer of Rights Round?
In just over a month, companies will have a chance to pick up world-class pre-salt reserves in Brazil’s 2nd Surplus Transfer of Rights round, set…
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