Welligence MENA Q1 2024 M&A Report | Mixed fortunes for ADNOC and bp’s East Med gas deals
Three deals were announced in the MENA region in Q1 2024, which we valued at a total consideration of US$1.7 billion. We estimate the deals…
Read MoreMorocco Gas Market | Moroccan gas projects are a step closer to coming onstream – what is next for the Kingdom?
Morocco’s energy mix could benefit from a much-needed boost in domestic gas production in the coming years. The country has seen renewed interest in its…
Read MoreMENA Q4 2023 M&A Quarterly | Harbour Energy and Energean make moves in North Africa
Two deals involving MENA assets were announced in Q4 2023, in line with the prior quarter, making for a quiet second half to 2023 following…
Read MoreMorocco M&A | Energean enters Morocco and farms into Chariot’s Anchois gas development
On 7th December 2023, Energean agreed with Chariot to acquire 45% and 37.5% operating stakes in the Lixus and Rissana Offshore licences respectively. The Lixus…
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 MoreGas off the coast of Tarfaya: Italian ENI takes delivery of the Topaz Driller drilling platform
Consulting firm Welligence pointed out that Cinnamon would be the 16th well drilled in the block and the first since 2014. If successful, the well…
Read MoreEni gears up for Cinnamon spud off Morocco
Welligence reported Cinnamon would be the 16th well drilled on the block and the first since 2014. The consultancy noted the attraction of Morocco’s fiscal…
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