Welligence LNG Corporate | IOCs’ shifting LNG portfolios amid capital discipline
We take a deep dive into the top 10 IOCs’ shifting global LNG exposures, harnessing Welligence’s latest LNG and upstream analyses plus insights. As market…
Read MoreRussia & Caspian M&A Quarterly Q2 2026 | Wintershall & OMV face forced sales in Q2
Q2 2026 remained relatively quiet for pureplay upstream M&A, with no announced upstream transactions in Russia and the Caspian, as much of the prior 12…
Read MoreWelligence | LNG Coverage Update – What you need to know
We have added more than 130 live LNG M&A opportunities to the platform, covering available stakes across the upstream and liquefaction chain. Each includes a…
Read MoreRussia & Caspian M&A Quarterly Q1 2026 | New deals for majors but few transactions
Q1 2026 was relatively quiet for M&A in Russia and the Caspian, with several new licences and agreements, as well as prospective deals, but no…
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 Russia & Caspian Q4 2025 M&A Quarterly | Lukoil and new licences lead in Q4 M&A
Q4 2025 was relatively quiet for M&A in Russia and the Caspian, with just one announced upstream transaction for developed assets. The period was, however,…
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 MoreWelligence Global | Unconventional Hydrocarbon Activity Update
This note reviews the emerging role of international unconventional hydrocarbons alongside deepwater as a source of future supply growth, summarizing current activity and status across…
Read MoreWelligence Russia & Caspian Deep Dive | Karabash – West Siberia’s prospective new frontier?
The Welligence team examine the recent results from the Zaozernaya #1 well, conducted by the operator VNIGNI (the Russian Geological Institute), which potentially unlocks a…
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…
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