National Oil Companies (NOCs) were once big spenders in international upstream BD but recent activity has slumped. A series of deals gone wrong have dampened M&A, with many Asian NOCs, doubling down on the development of local resources.
But with M&A valuations attractive and financial ratings at all-time highs, the drivers for NOCs to invest in existing portfolios and fill strategic gaps have never been stronger. Will they step up?
Agenda:
- Middle East NOCs: Why are they fast-tracking international expansion?
- Chinese NOCs: Will they overcome bureaucratic red tape to do deals?
- Asian NOCs: Why are they about to reach an inflection point in gas?
- LatAm and African NOCs: How can they improve portfolio longevity?
- Exploration: What is driving an improvement in NOCs' international performance?
- M&A: What will the NOCs look to buy?
Get to know our speakers
Neivan Boroujerdi
Director, Corporate Research
Neivan Boroujerdi
Director, Corporate Research
Neivan leads Wood Mackenzie's global corporate NOC coverage.
View Neivan Boroujerdi's full profile
Greig Aitken
Director, Corporate Research
Greig Aitken
Director, Corporate Research
With over 12 years of experience, Greig brings a holistic view of corporate activity to the upstream M&A research team.
Latest articles by Greig
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Andrew Harwood
Vice President, Corporate Research
Andrew Harwood
Vice President, Corporate Research
Andrew is responsible for our corporate coverage in Asia Pacific.
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NOCs begin a new phase of upstream internationalisation
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Is Indonesia’s domestic gas supply in crisis?
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A two-decade decline in exploration is driving the need for carbon neutral investment in Australia’s upstream sector
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Asia Pacific upstream: 5 things to look for in 2024
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Size matters: which International E&Ps are best positioned to ride out industry consolidation?
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Are NOCs prepared for the energy transition?
Yuqi Hu
Senior Analyst, Corporate Research
Yuqi Hu
Senior Analyst, Corporate Research
Yuqi is a Senior Consultant on the Corporate Research team. She has worked at Sinopec, Aramco and Clariant.
Latest articles by Yuqi
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How do integrated companies position themselves in the changing downstream landscape?
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Big Oil’s opportunity for M&A in the petrochemicals downturn
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Are NOCs prepared for the energy transition?
Raphael Portela
Principal Analyst, Head of Corporate Research - Downstream Oil & Gas
Raphael Portela
Principal Analyst, Head of Corporate Research - Downstream Oil & Gas
Raphael focuses on Latin America and its national oil companies as a senior analyst on our Corporate Research team.
View Raphael Portela's full profile