Welligence M&A | Robust first quarter but signs that M&A is slowing
Around US$34 billion was spent on M&A globally in Q1, across 47 transactions. As usual, the majority of deal-making was onshore North America, which accounted…
Read MoreQuarterly Upstream Emissions Report – Europe Q1 2025
Welligence is excited to announce the release of our first Quarterly Upstream GHG Report, a series in which we provide clients with analysis on the…
Read MoreUntangling UK CCUS Track-1 Incentives: A Summary of Cost Support Mechanisms
As part of its broader decarbonization strategy, the UK aims to establish a self-sustaining Carbon Capture, Utilization, and Storage (CCUS) market. Achieving this goal requires…
Read MoreWelligence Europe Q1 2025 M&A Quarterly | Five deals announced, US$5 billion traded
Five transactions were announced in Q1 2025, in line with the quarterly average since 2021. While deal volume was steady, the total value traded was…
Read MoreWelligence M&A | Global upstream deal-making in March 2025 – a summary
There were 13 transactions announced in March 2025, up on the seven announced last month, and above the rolling 12-month. CLIENT ACCESS REQUEST ACCESS
Read MoreUK M&A | NEO Energy and Repsol UK merge, creating NEO NEXT Energy
On 27 March, NEO Energy, backed by HitecVision, and Repsol agreed to merge their UK businesses. This will be entirely North Sea focused. The deal…
Read MoreWelligence Global FPSO Review | Supply chain pressure continues to hit the FPSO market
The FPSO market is witnessing a resurgence in demand. South America remains the industry hotspot, but activity is set to pick up in frontier countries…
Read MoreUK M&A | Ithaca Energy acquires JAPEX UK
On 25 March 2025, Ithaca Energy announced the acquisition of JAPEX’s UK business for an estimated cash consideration at completion of US$140 million, based on…
Read MoreWelligence M&A | Global upstream deal-making in February 2025 – a summary
There were seven transactions announced in February 2025, up on the six announced last month, and in line with the rolling 12-month average. The total…
Read MoreWelligence Corporate | NOC/IOC Partnerships – with today’s Eni/PETRONAS announcement, what’s next?
NOCs entering strategic partnerships with IOCs will continue to be a strong international growth option. Eni announced today that it had entered an MOU with…
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