Welligence Global Q2 2025 M&A Quarterly | All eyes on XRG’s move for Santos
Around US$39 billion was spent on M&A globally in Q2, across 35 transactions. The majority of deal-making occurred in onshore North America, which accounted for…
Read MoreGlobal Corporate | The shrinking pool of Large International E&Ps – what’s next?
The pool of Large International E&Ps has been shrinking. With Chevron’s completion of its acquisition of Hess, the peer group is almost half its size…
Read MoreCompany Spotlight | Energean – What is next for Energean after the Carlyle deal cancellation?
Energean has rapidly grown production within five years, establishing itself as a key East Med gas producer. What’s next after the Caryle deal cancellation? CLIENT…
Read MoreWelligence Europe Q2 2025 M&A Quarterly | A quiet quarter for M&A
Three transactions were announced in Q2 2025, a drop from the five announced in Q1. All three were small UK transactions, with a total…
Read MoreWelligence Global Corporate | Exploring the upstream JV/satellite models
The creation of JV companies by European IOCs has been grabbing headlines recently. Will the model continue to gain traction with other IOCs? CLIENT ACCESS…
Read MoreWelligence M&A | Global upstream deal-making in May 2025 – a summary
There were nine transactions announced in May 2025, up from four in April, and above the rolling 12-month average. CLIENT ACCESS REQUEST ACCESS
Read MoreUK Fiscal & Policy | The potential of undeveloped gas discoveries to boost the UK’s energy security
In May 2025, Welligence presented the following analysis at the DEVEX conference in Aberdeen, examining if the remaining undeveloped discoveries in the UK could supplement…
Read MoreWelligence Global Fiscal | Global trends in petroleum fiscal terms – a race to the top?
Since the 2014 oil price crash, countries have increasingly competed for limited upstream investment by adopting investor-friendly reforms—driven by declining investment, tighter capital availability, and…
Read MoreUK M&A | Ithaca Energy increases Cygnus gas field interest
On 20 May 2025, Ithaca Energy announced the acquisition of a 46.25% interest from Spirit Energy in the Southern North Sea Cygnus gas field for…
Read MoreWelligence Global offshore project execution: What have we learnt so far?
Offshore projects sanctioned between 2019 to 2021 were hit by cost overruns and delays due to Covid restrictions. What is the outlook for the next…
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