Welligence Global LNG | The Iran War pushes LNG’s oversupply to 2028 and accelerates its commoditization
The Iran War has raised Asian LNG spot prices forecasts sharply to ~US$14/MMbtu this year, confounding expectations of a balanced 2026 market and delaying the…
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 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 MoreUK 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.…
Read MoreGlobal 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…
Read MoreGlobal Corporate | The shrinking pool of Large International E&Ps – what’s next?
The pool of Large International E&Ps has been shrinking. With Chevron’s completion of its acquisition of Hess, the peer group is almost half its size…
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