Welligence 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…
Read MoreWelligence M&A | Global upstream deal-making in January 2025 – a summary
There were six transactions announced in January 2025, down from the 10 in December and broadly in line with the rolling 12-month average. The announced…
Read MoreEnergy Transition | How cancelling Jackdaw and Rosebank will increase the UK’s emissions
A Scottish court has ruled that the approvals for the Rosebank and Jackdaw oil and gas fields were unlawful due to inadequate environmental impact assessments,…
Read MoreWelligence Europe Q4 2024 M&A Report | UK M&A returns, but Norway stays muted
Deal activity in the UK and Norway, which continue to dominate the upstream M&A landscape in Europe, reduced by 38% in 2024 compared to 2023.…
Read MoreUK M&A | Serica acquires Parkmead’s UK business
On 12 December, Serica Energy agreed to acquire Parkmead’s UK business, comprising a 50% interest in the undeveloped Fynn/Beauly discovery (licence P2634) and a 50%…
Read MoreWelligence Global | Looking ahead to 2025 – 5 trends shaping the next 12 months
How will the energy sector evolve in 2025? Our latest report highlights five pivotal themes that could shape the landscape next year. ACCESS PDF
Read MoreUK M&A | Equinor and Shell join forces, creating the largest UK E&P
On 5 December 2024, Equinor and Shell agreed to combine their UK subsidiaries into a joint venture to be owned 50:50 by the two companies.…
Read MoreUK Corporate Strategy | Apache exiting the North Sea – the tip of the iceberg?
Apache is planning to prematurely cease production at its two operated hubs, Beryl and Forties, and exit the UK North Sea by 2030. This is…
Read MoreWelligence Global Benchmarking | Benchmarking the Majors’ deepwater portfolios – who is well positioned for the long-term?
Deepwater is a core part of the upstream playbook for the Majors, even in a low-carbon future. On average, it accounts for around 20%…
Read MoreWelligence Europe Q3 2024 M&A Report | Deal activity wanes again
Three deals were announced in Q3 2024, reduction on the nine in Q2, with one deal apiece in the UK, Norway and Netherlands. The focus…
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