Eni starts drilling key well at offshore gas discovery in East Mediterranean
Welligence Energy Analytics in late October suggested that, if successful, Cronos could be developed as a tie-back to Eni’s Zohr facilities offshore Egypt, with gas…
Read MoreMENA Q3 2023 M&A Quarterly | Deal-making slows after post-Covid highs, will activity bounce back?
M&A within the MENA region slowed during Q3 2023 following strong quarters post-Covid. There were just two transactions, the largest being OQ’s US$1.4 billion divestment…
Read MoreEgypt/Israel Rumblings on the Ground | The growing pains of the East Med gas market
The Welligence team recently visited Cairo, Jerusalem, and Tel Aviv and met with industry stakeholders to discuss key issues in the Egypt and Israel oil…
Read MoreWelligence Global Exploration Outlook | Offshore exploration drilling outlook
In this report, we analyse exploration drilling plans in Europe, Latin America, MENA, Sub-Saharan Africa and US Gulf of Mexico. We have a line of…
Read MoreEgypt green lights oil and gas deals worth $319 million
Egypt has lined up plans to drill for a total of 35 exploration wells in the next two years costing $1.8 billion, consultancy Welligence Energy…
Read MoreMENA Q2 2023 M&A Quarterly | Big gas on the agenda
A strategic theme for many companies is increasing gas exposure. This is a key driver for much of the activity of the Majors, and increasingly…
Read MoreGlobal M&A | Eni muscles up its gas and CCS business with Neptune Energy acquisition
On 23 June 2023, Eni and Vår Energi announced the acquisition of Neptune Energy for US$4.9 billion. ACCESS PDF
Read MoreGlobal M&A | Eni and Vår Energi acquires Neptune Energy
On 23 June, Eni and Vår Energi acquired Neptune Energy for US$4.9 billion including US$0.5 billion of net debt. Neptune will retain its Germany assets.…
Read MoreWelligence East Med | Bid round and exploration bonanza
The offshore East Med region has grown in importance over the past decade due to the large gas discoveries made. While Egypt has a long…
Read MoreWelligence Middle East | MENA Outlook 2023
In this presentation, we highlight the recent M&A deal count and considerations in the MENA upstream sector and identify a key theme – gas portfolios…
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