Exxon’s board shakeup could force review of billions of dollars in spending
Guyana and Brazil’s offshore fields will be prioritized, said Ruaraidh Montgomery at researcher Welligence.
Read MoreAmericas Upstream M&A Report – YPF follows in the footsteps of Petrobras with mature fields sell-off
Deal flow remains quiet in the Americas, but we expect a pick-up in activity in the next few months as Petrobras closes out several ongoing…
Read MoreHow Brazil is opening up Latin America’s biggest investment opportunities
We recently held a panel session “Upstream Brazil – opportunities for every E&P” with key industry representatives. This report summarizes our key takeaways from the…
Read MorePetrobras divestment update – will the change in CEO impact the program?
The pace of the Petrobras divestment program is picking up. The company has continued to sell off its onshore assets, with Petroreconcavo and private equity-backed…
Read MoreAmericas Upstream M&A Report
Deal flow in the Americas is starting to pick up after a predictably slow 2020. We see a significant uptick in M&A in 2021, with…
Read MoreBrazil’s successful 2nd Permanent Bid Round demonstrates growing interest in its dynamic onshore space
Local incumbents dominated the results of last week’s 2nd Permanent Bid Round. A total of 17 exploration blocks and a single marginal accumulation were awarded,…
Read MoreLatin American M&A rallies
The firm also plans to sell some attractive assets in the pre-salt’s Campos basin. It hopes to offload its entire stakes in the deepwater Albacora…
Read MorePetroRio acquires Wahoo/Itaipu from BP for US$140 million
On 19 November 2020, PetroRio announced the purchase of BP’s operated stakes in Wahoo (35.7%) and Itaipu (60%) in a deal worth up to US$140…
Read MoreMarlim Cluster acquisition opportunity – a deeper dive
The chance to take a 50% stake in Petrobras’ Marlim Cluster of assets (Marlim, Marlim Leste, Marlim Sul, and Voador) is one of the biggest…
Read MoreAmericas Upstream Mergers & Acquisitions Report – Q3 2020
As expected, deal flow picked up in Q3 as cash-rich companies started to take advantage of the adverse market conditions. In Latin America, private equity…
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