Oil and Gas Deals Picking Up As Industry Shifts from Survival to Growth - Globe and Mail/Bloomberg
Posted September 2016
Multibillion-dollar oil and gas deals are back on the table.
More than $11-billion (U.S.) of transactions were announced globally in July as crude’s recovery fuelled hopes of a steadier market, Wood Mackenzie Ltd. said. That’s the highest monthly total this year and brings the amount since May to $32-billion, triple that of the previous three months. Deal-making will continue to accelerate as oil prices stabilize, according to the consulting firm.