Sub-Saharan Africa Q2 2024 M&A Quarterly | Deal-making continues, but opportunity pipeline is shrinking
Q2 2024 saw four notable deals in Sub-Saharan Africa, continuing the momentum from 2023 which was the most active year for M&A since COVID-19. With…
Read MoreGlobal LNG | FSRUs increasingly secure supplies for Europe and Asia’s energy transitions
FSRU demand surged in 2022 from European buyers looking to quickly import LNG following drastic cuts to Russian piped gas supplies. The shock more than…
Read MoreGlobal FLNG | Delivering the next wave of FLNG projects will not be smooth sailing
FLNG momentum has been building with recent Floating and Fast LNG projects having created a lot of buzz in the industry. We estimate FLNG and…
Read MoreSub-Saharan Africa Q1 2024 M&A Quarterly | Deal-making momentum continues, but can it be sustained?
Building upon increasing M&A activity in 2022, last year emerged as the most active period for M&A since the onset of COVID-19. The first quarter…
Read MoreWelligence Cote d’Ivoire | Eni makes Côte d’Ivoire’s second largest discovery
On 7 March 2024, Eni announced the Calao discovery with its deepwater Murene-1X well on block CI-205. The well was drilled in 2,200 m of…
Read MoreEni has another barnstorming oil discovery in West Africa ‘hot spot’
A note from Welligence Energy Analytics said Eni’s discovery “bodes well” for US-based Murphy, which “picked up a substantial acreage position in the country last…
Read MoreWelligence Cote d’Ivoire M&A | VAALCO takes out Svenska and enters Côte d’Ivoire
On 29 February 2024, VAALCO Energy announced it had agreed to acquire Svenska Petroleum Exploration for US$66.5 million. Svenska’s primary asset is the producing deepwater…
Read MoreSub-Saharan Africa Benchmarking | Africa-focused Independents in a low-carbon future
The SSA-focused independents have dominated M&A transactions on the continent, accounting for 80% of the acquisition spend disclosed in 2023. But with ESG scrutiny ramping…
Read MoreSub-Saharan Africa Q4 2023 M&A Quarterly | Deal flow slows, but is it the calm before the storm?
Two deals were announced in Q4 2023. This was a slow finish to the year but still contributed to 2023 being the most active year…
Read MoreAOW 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…
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