25.04.2016 - Low Crude Prices to Spur More M&A Deals in Oil & Gas After Slump
Low oil prices will spur more mergers and acquisitions in the oil and gas industry this year with some companies forced to sell to avoid bankruptcy, according to consultants A.T. Kearney. Private equity firms are probable buyers, Richard Forrest, global lead partner for the company’s energy practice, said in an interview in Dubai. The number of oil and gas transactions declined 37 percent in 2015 as their value fell 2.5 percent to $469 billion, led by Royal Dutch Shell Plc’s acquisition of BG Group Plc and Energy Transfer Equity LP’s purchase of Williams Cos. This year, the number of transactions will go up but the value will probably decline without any big deals, he said...............................................Full Article: Source
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