Oil and gas upstream M&A reaches $51.3bn in 2Q2014
A growth in demand for US and Canadian assets sparked a revival in global oil and gas upstream mergers and acquisitions (M&A) activity in 2Q2014. The total upstream deal value of $51.3bn for the quarter is the highest single quarter total since 2012, according to new analysis from Evaluate Energy. Deals to acquire North American assets and businesses made up 47% of this total, as many companies looked to restructure and streamline their operations as production costs continue to climb.
News Item details
Journal title: Petroleum Review
Keywords: Mergers and Acquisitions - Company mergers / strategic alliances
Subjects: Law and Legal practice
