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 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…
Read MoreSub-Saharan Africa M&A Quarterly | Q3 2025 – The calm before the next wave of deal activity?
Upstream M&A activity in Sub-Saharan Africa slowed sharply in Q3 2025, with no new transactions announced after a busy first half. Despite the pause, the…
Read MoreWelligence AEW Rumblings on the Ground | Rhino maintains momentum in Orange Basin
More positive news from the Orange Basin was the headline at Africa Energy Week 2025, as Rhino’s Volans gas-condensate discovery sharpened Namibia’s outlook. Equatorial Guinea…
Read MoreWelligence Namibia Exploration | Rhino’s exploration success continues on PEL 85
Rhino Resources is extending Namibia’s Orange Basin success with another discovery on PEL 85, marking steady progress across its exploration campaign. The Volans gas-condensate find…
Read MoreWelligence 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.
Read MoreWelligence Global Q2 2025 M&A Quarterly | All eyes on XRG’s move for Santos
Around US$39 billion was spent on M&A globally in Q2, across 35 transactions. The majority of deal-making occurred in onshore North America, which accounted for…
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 SSA Q2 2025 M&A Quarterly | Uptick in deal activity with pipeline still focused on Nigeria and Angola into H2 2025
Deal activity gained some momentum in the second quarter of 2025 in Sub-Saharan Africa, with three transactions recorded, one more than the previous quarter.…
Read MoreWelligence Global Corporate | Exploring the upstream JV/satellite models
The creation of JV companies by European IOCs has been grabbing headlines recently. Will the model continue to gain traction with other IOCs?
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