US GoM M&A | Shell consolidates at Ursa/Princess with acquisition of ConocoPhillips’ US Gulf of Mexico portfolio
On 21 February 2025, Shell announced the acquisition of ConocoPhillips’ non-operated US Gulf of Mexico portfolio for US$735 million. The portfolio includes a 15.96% interest…
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 MoreWelligence North America Q4 M&A Quarterly | INEOS makes US GoM debut, Chevron moves forward with multi-billion dollar divestment program
Four deals were announced in Q4 2024: two in Alaska, one in the US Gulf of Mexico (GoM), and one in Canada. ACCESS PDF
Read MoreUS GoM M&A | INEOS makes US Gulf of Mexico debut with acquisition of CNOOC portfolio
On 14 December 2024, INEOS announced the acquisition of CNOOC’s US Gulf of Mexico portfolio for an undisclosed consideration. Key assets include the Shell-operated…
Read MoreGlobal M&A | Kosmos in talks to acquire Tullow
On 12 December 2024, it was confirmed that Kosmos Energy is in preliminary talks to take over Tullow Oil in a potential all-share transaction. Kosmos…
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 MoreWelligence US GoM Benchmarking | Benchmarking the independents – who is set for growth?
The US Gulf of Mexico (US GoM) is home to a vibrant pool of independents. In our latest note, we analyze and benchmark their portfolios,…
Read MoreWelligence North America Q3 M&A Quarterly | Chevron’s divestment program headlines deal-making
A single deal was announced in Q3 2024, marking another quiet quarter and well below the activity seen in Q4 2023/Q1 2024. But Q4 2024…
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 MoreUS GoM Development | Chevron’s Anchor development kicks off the 20k era
First oil from Chevron’s Anchor development (12 August 2024) marks a couple of important milestones – not only is it the beginning of production from…
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