The global upstream oil and gas merger-and-acquisition (M&A) market is set to cool in 2026, with activity expected to dip below 2025 levels despite nearly $152 billion in available opportunities as of ...

Galp and Moeve (formerly Cepsa) announced on January 8, 2026 that they have reached a non-binding agreement to merge their downstream businesses, combining their refining and fuel retail operations ...

In the update, Atul Raina, Rystad Energy Vice President, Oil and Gas M&A, said, “Rystad Energy expects North America to remain the clear anchor for upstream M&A activity in 2026, with deal flow ...

Upstream M&A hit $65B in 2025, with $23.5B in Q4, as Permian deal flow lagged; international and ABS-backed buyers fuel activity in 2026.

Houston energy companies dominated U.S. upstream M&A activity since Exxon and Chevron announced megadeals in October 2023. But with a shift away from deals in the Permian Basin and toward those ...

In a world awash with information, Upstream helps readers filter out the noise and zero in on what matters in the international energy industry. For nearly three decades, we have been the go-to source ...

M&A, Permian basin acquisitions, shale consolidation, oil company mergers, energy private equity, E&P deals 2026, portfolio rationalization, DUC acquisitions, energy sector consolidation ...

Enverus, an analytics firm, said that the U.S. Upstream Mergers and Acquisitions Market regained its momentum in the fourth ...

Galp and Moeve announced on Jan. 8, 2026 that they plan to merge their downstream operations, creating a 710,000 b/d refining group and a retail network of about 3,500 service stations across Spain ...