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Low valuations spell consolidation for O&M sector

Analysts rule out dramatic recovery as they look at the fund-raising, takeover and privatisation landscape in the aftermath of the 2014 rout

The oil and gas industry is a cyclical one, and while companies seek to ride on the good times, they will now have to ensure that they are left standing after the bad times are over.


PLUNGING oil prices have made 2014 a year to forget for offshore and marine (O&M) companies but industry players and observers do not expect things to dramatically improve in 2015, as the industry braces itself for a period of consolidation.

With the price of Brent...

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