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
Singapore
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).
Of the 112 global executives surveyed in EY's 12th biannual Oil & Gas Capital Confidence Barometer, 60 per cent of the respondents expect to complete at least two M&A deals this year, while 56 per cent of the executives expect to actively pursue acquisitions - more than double the figures (25 per cent) recorded in the October 2014 survey.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month