Buyer's market
Deal making recovered in 2017 and will continue to pick up in 2018 as investors look for new growth opportunities
Oil and gas mergers and acquisitions (M&A) had a strong 2017 and the momentum is set to carry into 2018. After spending much of the downturn optimising their portfolios, though, companies are now starting to shift their deal making to propel growth. This is supported by the latest EY Capital Confidence Barometer (CCB), which found that oil and gas companies have the highest acquisition appetite among all sectors surveyed, with 69% planning to acquire within the next 12 months. The Opec supply-cut deal in November 2016 helped stabilise the M&A market by fostering a consensus about where the market was heading. The value of oil and gas deals through 2017 was almost 60% higher than in 2
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
