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Oil and gas deal volume likely to rebound in 2016: EY

Sellers likely to "blink first" in an environment of "lower for longer" oil price outlook as per-barrel price sinks

Published Tue, Mar 29, 2016 · 09:50 PM

Singapore

EY has reported lower-than-expected global oil & gas deal volume and value in 2015, but one member of its advisory team flags a shrinking valuation gap between buyers and sellers as supporting more deals in 2016.

Global oil and gas deal volume and value were down 33 per cent and 17 per cent respectively compared to 2014, EY said in its Global oil and gas transactions review 2015.

Deal volume and value were down year on year in nearly all sub-sectors, with oilfield services leading the …