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Oil & gas sector gearing up for more M&A deals

Deals delayed by uncertainty over oil price outlook, coupled with increased confidence in the global economy, are setting the stage for increased activity: EY survey

Oil and gas producers should see an increase in deals this year as cheap crude prices and limited funding options force debt-saddled energy companies to sell assets, according to consultant IHS Inc.


AFTER a fairly quiet start to 2015, a majority of oil and gas companies are gearing up for more merger and acquisition (M&A) deals in the later half of the year, with an increased focus on middle-market transactions, based on a survey conducted by Ernst & Young (EY).