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Welligence Russia & Caspian Q3 2025 M&A Quarterly | A lull for quarterly M&A

During Q3 we recorded no transactions in upstream developed assets, versus two seen in Q2, although there were several other new contracts signed, progress made…

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Welligence APAC Q3 2025 M&A Quarterly | Low-risk gas assets dominate deal-making

Five deals were announced across Australia, Indonesia and the Malaysia-Thailand JDA in Q3 2025. This is the same level as Q3 last year but lower…

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Welligence 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…

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Welligence Southeast Asia Rumblings on the Ground | M&A underpins Southeast Asia’s upstream rejuvenation

Welligence executives recently visited several Asian countries. We met with key industry stakeholders to gauge the region’s energy outlook and discuss updates on key topics.…

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Quarterly Upstream GHG Report – APAC (Q3 2025)

Welligence’s quarterly emissions report is a series in which we provide clients with analysis on the emissions performance of the upstream sector across major continental…

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UK M&A | Serica Energy grows in the UK with triple M&A strike

Serica Energy has strengthened its UK footprint through a triple M&A move, acquiring assets from Prax Upstream, ONE-Dyas and TotalEnergies for a combined US$25.6 million.…

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Global M&A | Global Upstream deal-making in September 2025 – a summary

Seven transactions were announced in September 2025, in line with the rolling 12-month average. The largest were unconventional – GeoPark re-entered Argentina to establish a…

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Welligence Global LNG Rumblings on the Ground | North American projects, players and deals in LNG’s spotlight

The Welligence team recently participated in the Gastech exhibition and conference (Gastech) in Milan, Italy. The event provided excellent and well-attended forums for industry leaders…

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Welligence Indonesia M&A | MedcoEnergi takes over Repsol’s last APAC upstream stake

On 16 September 2025, MedcoEnergi announced the acquisition of Repsol’s remaining operating stakes in the Sakakemang and South Sakakemang PSCs in South Sumatra, Indonesia. CLIENT…

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Welligence 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…

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Recent Posts

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  • Southeast Asia Rumblings on the Ground | Momentum builds across licensing, gas growth and strategic repositioning March 5, 2026
  • Global M&A | Global upstream deal-making in February 2026 March 4, 2026
  • Iran and the Middle East escalation: Implications for global oil markets March 2, 2026

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