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.
Latest articles by Neivan
-
The Edge
The complexity of capital allocation for oil and gas companies
-
Opinion
Ten key considerations for oil & gas 2025 planning
-
Opinion
ADNOC doubles net hydrogen production through stake in ExxonMobil’s Baytown project
-
Opinion
ADNOC acquires stake in Rovuma LNG from Galp
-
Opinion
Benchmarking the Middle East NOCs against the supermajors
-
The Edge
How and why big oil is strengthening its oil and gas exposure
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
-
The Edge
Majors' capital allocation in a stuttering energy transition
-
Featured
Upstream M&A 2025 outlook
-
Opinion
Ten key considerations for oil & gas 2025 planning
-
Featured
Upstream M&A 2024 outlook
-
Opinion
What does the Chevron-Hess deal mean for oil and gas?
-
The Edge
Big Oil: upstream M&A gets serious
Andrew Harwood
Vice President Research, Upstream & Carbon Management, Corporate
Andrew Harwood
Vice President Research, Upstream & Carbon Management, Corporate
Andrew is responsible for our corporate coverage in Asia Pacific.
Latest articles by Andrew
-
Opinion
A two-decade decline in exploration is driving the need for carbon neutral investment in Australia’s upstream sector
-
Opinion
Asia Pacific upstream: 5 things to look for in 2024
-
Opinion
Size matters: which International E&Ps are best positioned to ride out industry consolidation?
-
Opinion
Are NOCs prepared for the energy transition?
-
Opinion
Will COP27 be a turning point for oil and gas funding?
-
Opinion
How hard will the oil price crash hit APAC upstream investment?
Yuqi Hu
Managing Consultant, Corporate Research
Yuqi Hu
Managing Consultant, Corporate Research
Yuqi is a Senior Consultant on the Corporate Research team. She has worked at Sinopec, Aramco and Clariant.
Latest articles by Yuqi
-
Opinion
How do integrated companies position themselves in the changing downstream landscape?
-
The Edge
Big Oil’s opportunity for M&A in the petrochemicals downturn
-
Opinion
Are NOCs prepared for the energy transition?
Raphael Portela
Principal Research Analyst, Corporate Analysis
Raphael Portela
Principal Research Analyst, Corporate Analysis
Raphael focuses on Latin America and its national oil companies as a senior analyst on our Corporate Research team.
Latest articles by Raphael
-
The Edge
The complexity of capital allocation for oil and gas companies
-
Opinion
Ten key considerations for oil & gas 2025 planning
-
Opinion
What does Milei mean for oil and gas in Argentina?
-
Opinion
Are NOCs prepared for the energy transition?
-
Opinion
Unwrapping key players in Colombia's upstream sector
-
Opinion
Are NOCs rising to the energy transition challenge?