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What M&A trends will transform the 2024 insurance landscape?
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Global | Publication | March 2, 2018
Continuing the trend of successful upstream bids in Mexico (which to date have awarded more than 90 contracts) the National Hydrocarbons Commission (CNH) formally announced and approved the bidding guidelines for the highly anticipated gas-focused third bidding process of Round 3 (3.3).
CNH informed that Round 3.3 will offer 9 onshore contractual areas located in Tamaulipas (northern Mexico), including conventional and unconventional fields with dry gas and wet gas as expected resources.
The contracts to be awarded as part of Round 3.3 will follow the license model, widely favored by interested bidders in past CNH rounds. The full bidding guidelines were published today, and substantially follow the same model that has proved very successful since the CNH rounds began in late 2014.
Interested parties may begin the prequalification process immediately and request access to the bid data room starting next Monday. As of now, the submission and opening of proposals is scheduled for September 5, 2018, with the award set to be issued on September 7, 2018.
Round 3.3 supplements Round 3.1 (offering 35 contractual areas in shallow waters of the Gulf of Mexico, with wet gas, dry gas, light oil and heavy oil as expected resources) and Round 3.2 (offering 37 onshore contractual areas, with oil and non-associated gas as expected resources).
Publication
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Publication
The ongoing conflicts and further geopolitical tensions in Eastern Europe and the Middle East, coupled with upcoming elections in a number of key countries including the US and the UK, make 2024 challenging to predict what impact this will have on the insurance sector.
Publication
On 6 September 2022, the European Commission (EC) prohibited Illumina’s acquisition of Grail, bringing to an end the administrative stage of a legal saga that has attracted interest beyond competition law specialists.
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