Welligence MENA M&A Quarterly Report | Bumper quarter for deal-making as Majors open their wallets
The quarter was one of the most eventful in MENA for many years. The stand-out deal was the bp and ADONC joint bid to acquire…
Read MoreWelligence MENA M&A | bp and ADNOC make bid for NewMed Energy
On 28 March 2023, bp announced a joint bid with Abu Dhabi National Oil Company (ADNOC) to acquire 50% of NewMed Energy. ACCESS PDF
Read MoreWelligence Corporate | Capex guidance — sector set for 16% uplift in investment in 2023
With reporting season largely over, the vast majority of companies have now reported guidance for 2023. ACCESS PDF
Read MoreWelligence Corporate | Majors report in latest E&P 2023 capex guidance update
Welligence releases the latest capex guidance tracker including the Majors announcements and introduces new functionality. ACCESS PDF
Read MoreWelligence Egypt Rumblings on the Ground | EGYPS 2023 – Egypt is open for business and set to play a key role as a regional gas hub
Welligence visited Cairo, Egypt last week to participate in the Egypt Petroleum Show (EGYPS 2023) and meet with key stakeholders in the O&G sector to…
Read MoreWelligence MENA M&A Q4 2022 | Positive outlook for deal-making despite risks to Capricorn/NewMed merger
We are pleased to release our quarterly report analysing M&A activity and the outlook for deal-making across the MENA region. As part of our comprehensive…
Read MoreWelligence Egypt | Chevron hits major gas discovery offshore Egypt – what happens next?
On 15 January 2023, Chevron announced the Nargis gas discovery. The well encountered 61 m (net) of gas-bearing sandstones in Miocene and Oligocene formations. It…
Read MoreWelligence Egypt | Apex International Energy acquires Eni assets in Egypt
On 10th January 2023, Apex International Energy announced the acquisition of a selection of Eni exploration and production assets in Egypt’s Western Desert. The deal…
Read MoreWelligence Sub-Saharan Africa | Our 2023 outlook for Sub-Saharan Africa
Our view on exploration, M&A activity, FLNG, key developments and emerging trends in new energies. Political factors may also come into play with key elections…
Read MoreReport: Chevron strikes gas off Egypt
“Chevron has a strong position in the East Mediterranean after acquiring Noble Energy in 2020,” Welligence said. “Exploration in the area has ramped up this…
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