| From Procurementleaders.com: The global oil and gas industry is being hit by record levels of merger and acquisition activity (M&A), according to market watchers. PLS, with international partner Derrick Petroleum Services and further analysis from Rystad Energy, reports that, for 2010, M&A activity in the sector reached a record $211bn.
That volume was up 42% from 2009 and 85% higher than a troubled 2008, when just $114bn in deals were reported worldwide..............................................Full Article: Source
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