Insight
Global upstream M&A in brief
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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
- What do we expect from upstream M&A in 2026?
- Regional activity
- Heirs Energies purchases Maurel & Prom’s stake in Seplat
- Harbour enters US GoA acquiring LLOG for US$3.2 billion
- Japex to double production with purchase of DJ Basin assets
- UK M&A market stays hot this winter
- Deal Pipeline: Shell explores sale of a 20% stake in Orca field in Brazil
- Deal Pipeline: Ascent targeted as Appalachia M&A heats up
- Azule sells Angolan assets to BW Energy and M&P
- Harbour announces UK acquisition
- TotalEnergies takes charge at Mopane
- Kistos enters Oman via acquisition of Mitsui’s assets
- 119 more item(s)...
Tables and charts
This report includes the following images and tables:
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Global M&A – December 2025Implied Long-Term Oil Price (deal by deal) vs. Brent oil priceDecember 2025 deal count compared to historical benchmarks
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December 2025 disclosed deal spend compared to historical benchmarks (excludes US$50bn+ megadeals)Orca cashflowTop oil producing wells in Ohio Q3 2025; Top 10 gas producing wells in Ohio Q3 2025Kistos' net working interest production by countryRecent HG and Antero well results in Doddridge and Lewis countiesHarbour production by region prior to Natuna Sea exitGlobal M&A – November 2025Implied Long-Term Oil Price (deal by deal) vs. Brent oil price
- 96 more item(s)...
What's included
This report contains:
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