Global M&A | Global Upstream deal-making in November 2025 – a summary
Ten deals were announced in November 2025, a big step up from the prior month and above the rolling 12-month average. There were no large…
Read MoreOffshore Electrification Sinks in the New Tide of Upstream Decarbonization
Offshore electrification in the North Sea is becoming increasingly uneconomic, even with Norwegian carbon prices reaching 237 USD/ton by 2030, pushing Norway and the UK…
Read MoreEgypt M&A | Arcius Energy strikes its second deal offshore Egypt, acquiring a gas discovery from Shell and bp
Arcius Energy has signed a binding agreement to acquire Shell’s 60% and bp’s 40% interest in the El Burg concession in Egypt’s shallow water Mediterranean.…
Read MoreWelligence Global | Unconventional Hydrocarbon Activity Update
This note reviews the emerging role of international unconventional hydrocarbons alongside deepwater as a source of future supply growth, summarizing current activity and status across…
Read MoreEgypt launches new offshore bid round
Welligence Energy Analytics noted in a LinkedIn post that Ganope held a Red Sea bid round in 2019 which saw Chevron awarded Block 1, Shell…
Read MoreWelligence Global Q3 2025 M&A Quarterly | Has global deal-making reached a nadir?
Around US$17 billion was spent on M&A globally in Q3, across 37 transactions. Spend was the lowest quarterly average of the post-Covid era. North America…
Read MoreWelligence SSA Rumblings on the Ground | Financing upstream growth and unlocking frontier potential in SSA
The Welligence team attended AOW 2025 in Accra. engaging with governments, IOCs, independents, financiers, and traders. CLIENT ACCESS REQUEST ACCESS
Read MoreWelligence Egypt Rumblings on the Ground | Egypt offers incentives to IOCs while managing the gas supply demand gap
The Welligence team recently visited Cairo to meet with stakeholders in Egypt’s upstream sector to share insights, gather on-the-ground sentiments and discuss key projects. CLIENT…
Read MoreWelligence Global | Beyond Fiscal Terms: Turning Reforms into Results
This report is the second in our two-part series on the evolving fiscal and regulatory landscape and what actions help realise tangible projects. CLIENT ACCESS…
Read MoreWelligence Global Q2 2025 M&A Quarterly | All eyes on XRG’s move for Santos
Around US$39 billion was spent on M&A globally in Q2, across 35 transactions. The majority of deal-making occurred in onshore North America, which accounted for…
Read More