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 UK M&A | bp seeks to sell its UK upstream business
On 31 July, bp announced it is to formally market its North Sea upstream business. This is part of the broader strategic review of the…
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 UK M&A | bp UK – an opportunity for NEO NEXT+?
In early-June, press reports indicated that Ithaca Energy was in talks for the acquisition of bp’s UK upstream business for US$2.69 billion (£2 billion). Ithaca…
Read MoreWelligence Norway M&A | what does it take to generate value?
In May, Welligence presented at the Norwegian Petroleum Society’s Oil and Finance conference at Lysebu, Oslo, and met with key stakeholders in the upstream and…
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 MoreEurope Development | The next 4 bnboe – key upstream developments to 2030
This analysis reviews the next wave of development projects across Europe. It maps 20 plus material fields across Norway, the UK, continental Europe and Cyprus.…
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 MoreWelligence UK M&A | Serica Energy acquires Spirit Energy’s Southern North Sea assets
Serica Energy’s acquisition of Spirit Energy’s Southern North Sea portfolio reshapes its UK gas production base. The transaction brings equity in Cygnus, plus interests in…
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