Norway M&A | Equinor acquires Sval Energi’s Halten Øst interest
On 7 November 2024, Equinor announced it had acquired Sval Energi’s 11.8% interest in the Halten Øst development for an undisclosed consideration. Halten Øst is…
Read MoreAEW 2024 Rumblings on the Ground | Moving beyond the rhetoric
The Welligence team attended the 4th African Energy Week (AEW) in Cape Town, South Africa.The packed agenda covered M&A, new energies, local content, exploration and…
Read MoreWelligence Global Benchmarking | Benchmarking the Majors’ deepwater portfolios – who is well positioned for the long-term?
Deepwater is a core part of the upstream playbook for the Majors, even in a low-carbon future. On average, it accounts for around 20%…
Read MoreWelligence Europe Q3 2024 M&A Report | Deal activity wanes again
Three deals were announced in Q3 2024, reduction on the nine in Q2, with one deal apiece in the UK, Norway and Netherlands. The focus…
Read MoreNorway Rumblings on the Ground | M&A market fails to ramp up but opportunities remain
Welligence recently attended ONS in Stavanger and subsequently visited Oslo to meet with key stakeholders in the O&G sector to discuss current and upcoming activity,…
Read MoreNorway M&A| Lime Petroleum acquires OKEA’s Yme interest
On 23 September 2024, Lime Petroleum acquired OKEA’s 15% interest in the Yme field for US$15.65 million. Lime Petroleum will also pay OKEA US$9.2 million…
Read MoreWelligence Global FPSO Outlook | Tapping into the idle FPSO fleet in the face of high industry costs and project delays
The demand for FPSOs has been picking up since the market slowdown of 2020/2021. But upstream supply chain tightness is now weighing on project…
Read MoreNorway M&A | PGNiG sources more gas with Atlantis acquisition
On 24 June, PGNiG announced the acquisition of Source Energy’s 20% interest in the Atlantis discovery for an undisclosed consideration. The licence also contains the…
Read MoreNorway M&A | PGNiG and Equinor harmonise Gina Krog area interests
On 4 June, PGNiG acquired a 19.5% interest in the Eirin development from Equinor for an undisclosed consideration. The deal harmonises interests in the Gina…
Read MoreNorway M&A | Concedo acquires Bøyla area interest from Vår Energi
On 24 May 2024, Concedo acquired Vår Energi’s 20% interest in the Bøyla field and the Froskelår discovery for US$24 million. The effective date of…
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