Indonesia M&A | Pertamina/PETRONAS team up to buy Abadi LNG stake from Shell for US$650 million
On 25 July 2023, Pertamina and PETRONAS announced they are to acquire Shell’s 35% stake in the Masela PSC (also known as the Abadi LNG…
Read MoreTangguh 3 to boost Indonesia’s LNG exports from next month
The launch of the Abadi project “will help moderate Asian LNG prices from 2030 as regional LNG demand continues to grow while new supplies, particularly…
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 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 Asia-Pacific Rumblings on the Ground | SEAPEX 2023 – a re-energised Asia-Pacific upstream offers diverse opportunities
Exploration is on the agenda again. While the opportunities in the large mature producers (Malaysia, Indonesia, Australia) attract the most interest, other less-explored countries, like…
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 Rumblings on the Ground — Indonesia — September 2022
Last week, the Welligence team attended the Indonesian Petroleum Association (IPA) conference in Jakarta. It was great to be back in Indonesia and invigorating…
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