Offshore 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 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…
Read MoreWelligence 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…
Read MoreQuarterly 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…
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…
Read MoreWelligence MTJDA M&A | PTTEP strengthens security of gas supply with acquisition of Chevron’s MTJDA interests
On 25 July 2025, PTTEP announced the purchase of Chevron’s 50% operating interest in Block A‑18 in the MTJDA for US$450 million, subject to customary…
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