Welligence | Weekly Quick Takes
This report provides our clients with access to the key postings on our LinkedIn page. It is regularly updated, with the most recent posts sitting…
Read MoreWelligence Europe Q2 2026 M&A Quarterly | An end-of-quarter flurry, but will it last?
Seven transactions were announced in Q2 2026, up from three in Q1. These comprised two corporate acquisitions, one in the UK and one in Norway,…
Read MoreWelligence Europe Q1 2026 M&A Quarterly | The Middle East casts a shadow, but for how long?
European upstream M&A slowed sharply in Q1 2026, with just three transactions announced as the Middle East conflict and North Sea fiscal uncertainty weighed on…
Read MoreWelligence 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 MoreWelligence Europe Q4 2025 M&A Quarterly | M&A hits a four year quarterly high
European upstream M&A hit a four year quarterly high in Q4 2025, driven by renewed North Sea dealmaking. The report tracks 11 transactions across 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 MoreGlobal M&A | Global Upstream deal-making in October 2025 – a summary
Just three transactions were announced in October 2025, half the rolling 12-month average. Serica Energy and Tenaz Energy continued their respective expansion drives in the…
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 MoreWelligence Netherlands & Germany M&A | Tenaz Energy deepens North Sea presence with GEMS acquisition
Tenaz Energy has strengthened its North Sea presence with the acquisition of the Gateway to the Ems (GEMS) offshore gas project on the Dutch-German border.…
Read MoreWelligence Europe Q3 2025 M&A Quarterly | Activity is up, but value is down as M&A challenges persist
Europe upstream M&A activity rose in Q3 2025, while value stayed muted as headwinds persisted. The UK and Norway drove most transactions, with Serica’s consolidation…
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