Welligence North America Q4 2025 M&A Quarterly | Harbour makes a splash in an otherwise quiet year
Q4 2025 deal activity was limited to a single announced transaction, consistent with deal-making throughout the year – this reflects market caution given political volatility…
Read MoreGlobal M&A | Global Upstream deal-making in December 2025 – a summary
Ten deals were announced in December 2025, continuing the strong end to the year. The monthly spend level was also the second highest of the…
Read MoreUS GoM M&A | Harbour Energy enters US GoM with US$3.2 billion acquisition of LLOG
Harbour Energy is to acquire LLOG for a consideration of US$3.2 billion, comprising US$2.7 billion cash and US$0.5 billion in equity – the price is…
Read MoreWelligence US Gulf of America Licensing | BBG1 Lease Sale driven by targeted bidding in key deepwater areas
The first US Gulf of America (US GoM) lease sale under the current Trump administration was held on 10 December 2025. Known as Big Beautiful…
Read MoreWelligence Global | LNG’s 2026 focus broadens from the US Gulf to the Pacific
Asian LNG spot prices in 2025 remained range-bound, generally between US$11-13/MMbtu. The latest wave of supply, led by US projects, began ramping up in early-2025…
Read MoreWelligence Global | FLNG Outlook: Emerging Trends and Opportunities
FLNG is emerging as a strategic complement to global LNG supply as activity shifts from Africa to the Americas. Welligence shows how floating LNG capacity…
Read MoreOffshore Electrification Sinks in the New Tide of Upstream Decarbonization
Offshore electrification in the North Sea is becoming increasingly uneconomic, even with Norwegian carbon prices reaching 237 USD/ton by 2030, pushing Norway and the UK…
Read MoreCompany Spotlight | LLOG Value Sensitivities: Key Levers, Risks, and Upside
Following our recent LLOG Company Spotlight, we used Welligence’s new Corporate Model, which will soon be available to clients, to quantify how LLOG’s value shifts…
Read MoreWelligence US Gulf of America Licensing | The next GoM lease sale – will it be Big and Beautiful?
The upcoming US GoM lease sale is expected to draw significant interest as operators prepare for the first round in two years. Companies are expected…
Read MoreCompany Spotlight | LLOG — A deepwater standout with a transformational growth runway
LLOG has evolved from an onshore Louisiana explorer into one of the most successful privately held deepwater operators in the US Gulf of America (US…
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