Welligence Europe Q3 2025 M&A Quarterly | Activity is up, but value is down as M&A challenges persist
Europe upstream M&A activity rose in Q3 2025, while value stayed muted as headwinds persisted. The UK and Norway drove most transactions, with Serica’s consolidation…
Read MoreUK M&A | Serica Energy grows in the UK with triple M&A strike
Serica Energy has strengthened its UK footprint through a triple M&A move, acquiring assets from Prax Upstream, ONE-Dyas and TotalEnergies for a combined US$25.6 million.…
Read MoreGlobal M&A | Global Upstream deal-making in September 2025 – a summary
Seven transactions were announced in September 2025, in line with the rolling 12-month average. The largest were unconventional – GeoPark re-entered Argentina to establish a…
Read MoreWelligence CCUS | Can the UK’s CCS incentives unlock bankable upstream-level IRRs?
The UK’s new Greenhouse Gas Removals (GGR) Business Model is set to reshape carbon capture economics by providing a 15-year Contract for Difference (CfD) framework…
Read MoreWelligence Global | Beyond Fiscal Terms: Turning Reforms into Results
This report is the second in our two-part series on the evolving fiscal and regulatory landscape and what actions help realise tangible projects. CLIENT ACCESS…
Read MoreFrom Bridge to Backbone – Turning LNG’s Methane Risk into Opportunity
The boom in new LNG plants, particularly in the US, has raised concerns among environmentalists about methane emissions, prompting claims that LNG is “worse than…
Read MoreWelligence 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…
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