Nigeria Rumblings on the Ground | Is Nigeria’s upstream sector entering a new growth cycle?
Nigeria upstream and NNPC reforms are in focus for Welligence. The team recently visited Lagos and the Nigeria International Energy Summit in Abuja. We met…
Read MoreWelligence APAC Q4 2025 M&A Quarterly | APAC’s Gas Gold Rush: Record 27-Deal Year Unpacked
Q4 2025 delivered a strong close to the year for the APAC region, making it the most active in terms of deal count since 2020.…
Read MoreLNG2026 Rumblings on the Ground | LNG’s momentum pivots to upcoming suppliers and M&A
Welligence recently participated in the LNG2026 conference, hosted by QatarEnergy in Doha, to meet with key LNG stakeholders and discuss the industry’s latest outlooks, opportunities…
Read MoreWelligence APAC | What to look for in 2026
Asia Pacific upstream in 2026 is shaping up to be a catalyst-driven year, with portfolio rationalisation accelerating alongside a renewed push to explore frontier basins…
Read MoreGlobal M&A | Global Upstream deal-making in November 2025 – a summary
Ten deals were announced in November 2025, a big step up from the prior month and above the rolling 12-month average. There were no large…
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 Russia & Caspian Q3 2025 M&A Quarterly | A lull for quarterly M&A
During Q3 we recorded no transactions in upstream developed assets, versus two seen in Q2, although there were several other new contracts signed, progress made…
Read MoreWelligence APAC Q3 2025 M&A Quarterly | Low-risk gas assets dominate deal-making
Five deals were announced across Australia, Indonesia and the Malaysia-Thailand JDA in Q3 2025. This is the same level as Q3 last year but lower…
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 Southeast Asia Rumblings on the Ground | M&A underpins Southeast Asia’s upstream rejuvenation
Welligence executives recently visited several Asian countries. We met with key industry stakeholders to gauge the region’s energy outlook and discuss updates on key topics.…
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