Welligence Global FPSO Review | Supply chain pressure continues to hit the FPSO market
The FPSO market is witnessing a resurgence in demand. South America remains the industry hotspot, but activity is set to pick up in frontier countries…
Read MoreWelligence M&A | Global upstream deal-making in February 2025 – a summary
There were seven transactions announced in February 2025, up on the six announced last month, and in line with the rolling 12-month average. The total…
Read MoreWelligence Corporate | NOC/IOC Partnerships – with today’s Eni/PETRONAS announcement, what’s next?
NOCs entering strategic partnerships with IOCs will continue to be a strong international growth option. Eni announced today that it had entered an MOU with…
Read MoreEgypt Energy Show Rumblings on the Ground | EGYPES 2025 headline is the Egypt-Cyprus gas deal
Welligence recently participated in the Egypt Energy Show (EGYPES) in Cairo. We were delighted to be selected as the official Intelligence Partner for the event…
Read MoreEgypt M&A | United Energy Group acquires Apex International Energy
On 7 February 2025, United Energy Group (UEG) entered into a Sale and Purchase Agreement (SPA) with Apex International Energy (Apex). UEG will fully acquire…
Read MoreWelligence M&A | Global upstream deal-making in January 2025 – a summary
There were six transactions announced in January 2025, down from the 10 in December and broadly in line with the rolling 12-month average. The announced…
Read MoreMENA Q4 2024 M&A Quarterly | Just one transaction as deal activity remains muted
Only one M&A deal was announced in Q4 2024 in the MENA region. PTTEP is to acquire ENGIE’s interest in the Touat gas fields in…
Read MoreExxonMobil makes potential play-opening gas find in frontier Mediterranean basin
“Although the supermajor did not elaborate on the size of the discovery, a recent LinkedIn post from analysts at Welligence said the prospect had a…
Read MoreWelligence MENA | What do the MENA upstream highlights of 2024 reveal about 2025?
In 2024, oil and condensate production from the region averaged 33 million bbl/d, approximately 32% of global oil supply. OPEC plays a significant role on…
Read MoreWelligence Egypt | ExxonMobil strikes gas offshore Egypt
ExxonMobil’s Nefertari-1 exploration well has struck gas offshore Egypt, according to early reports. No official announcements have been made yet. The well was spud in…
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