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Global upstream M&A in brief
Report summary
Welcome to the Global upstream M&A in brief, where we bring you opinion and analysis on M&A-related news. The report provides rolling coverage of notable upstream transactions and potential A&D activity. Periodic market summaries will be supported in this document by an enhanced version of the excel download that was previously found in the Monthly Market Update. You can bookmark this report for regular updates.
Table of contents
- Regional activity
- Trident Energy makes a bold entry to Congo in deals with Chevron and TotalEnergies
- Eni combines its UK upstream assets with Ithaca Energy
- TotalEnergies acquires remaining 50% of SapuraOMV
- Deal Pipeline: OMV Petrom on the hunt for newpartnerathighlyanticipatedKhan Asparuh blockin Bulgaria
- Deal Pipeline: Galp selling stake in Namibia, following blockbuster discovery
- SDX Energy sells its interest in West Gharib Area for US$6.6 million
- Chevron and Hess agree to extend merger timeline
- Equinor sheds last operated Lower 48 asset in EQT swap
- Eni reduces stake in Ghasha
- Deal Pipeline: who will 3R Petroleum choose to merge with?
- Deal Pipeline: YPF initiates its divestment plan of mature assets in several provinces
- More on the Majors scaling-up shale gas
- Additional deal delays
- Regional activity
- Deal Pipeline: Ithaca and Eni UK discuss combination
- Enauta sells stakes in Brazil fields to Westlawn
- Israeli private investor increases stake in Tamar field
- TotalEnergies adds to US gas position
- Kimmeridge ups the ante on proposed SilverBow merger
- ADNOC/BP deal with Israel’s NewMed Energy suspended
- Regional activity
- VAALCO acquires Svenska Petroleum, extends activity in West Africa
- ExxonMobil and CNOOC assert pre-emption rights on Hess’ Guyana equity
- Woodside sells a further 15.1% in Scarborough LNG to JERA
- ExxonMobil trims US GoM portfolio
- Striking a Chord in the Bakken – Chord and Enerplus merge
- Gabon Oil Company acquires Assala Energy via pre-emption
- ADNOC and BP to form new joint venture in Egypt
- A&D notes from the NAPE Summit
- Diamondback Energy buys Endeavor for US$26 billion
- West Coast consolidation begins? CRC merges with Aera
- Deal Pipeline: more Haynesville assets on the market
- No deal: Woodside and Santos end merger discussions
- Permian M&A notes from the road
- Deal Pipeline: Encap marketing Bakken player Grayson Mill
- Permian Resources continues Delaware Basin M&A push
- Regional activity
- TotalEnergies buys OMV's Malaysian assets
- Deal Pipeline: Chevron markets its play-leading Duvernay position
- Liard shuffle sees Chevron exit,Paramount Resources enter andWoodside remain
- Upstream reshuffling in Kurdistan: TAQA exits while HKN Energy doubles down
-
Enauta enlarges its portfolio of projects in Brazil
- Parque das Conchas (BC-10)
- Urugua and Tambau (BS-500)
- Gabon’s military government to pre-empt Maurel & Prom’s acquisition of Assala Energy
Tables and charts
This report includes 41 images and tables including:
- April 2024 deal count compared to historical benchmarks
- April 2024 deal spend compared to historical benchmarks (excludes US$50bn+ megadeals)
- Chart: Congo top producing fields in 2024
- Bulgaria's Khan Asparuh block
- YPF concessions in divestment programme
- WoodMac base case view: Repsol L48 production (entitlement)
- Eagle Ford well performance comparison
- Global M&A – Q1 2024
- Implied Long-Term Oil Price (deal by deal) vs. Brent oil price
- Q1 2024 deal count compared to historical benchmarks
- Q1 2024 deal spend compared to historical benchmarks
- EOG’s Dorado performance vs Lewis-operated wells
- "CombineCo" pro forma production
- Global M&A – February 2024
- Implied Long-Term Oil Price (deal by deal) vs. Brent oil price
- February 2024 deal count compared to historical benchmarks
- February 2024 deal spend compared to historical benchmarks (excludes US$50bn+ megadeals)
- Production increase of VAALCO in West Africa after Svenska acquisition
- ExxonMobil US GoM production profile
- Chord and Enerplus acreage positions
- Chord pro-forma remaining inventory at 15% hurdle rate
- Timeline of events
- GOC production after Assala acquisition
- Tellurian vintage Haynesville well performance
- Permian cashflow resiliency
- Global M&A – January 2024
- Implied Long-Term Oil Price (deal by deal) vs. Brent oil price
- January 2024 deal count compared to historical benchmarks
- January 2024 deal spend compared to historical benchmarks (excludes US$50bn+ megadeals)
- Map of the Atrush field in Kurdistan
- Lens snapshot of OilCo's assets and cash flows
- Map of Assala Energy and Maurel & Prom assets
- Delaware Basin acreage
- Midland Basin acreage
What's included
This report contains:
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