The recovery of the north-east’s oil and gas industry has not been “spectacular” despite a flurry of M&A activity in the first six months of the year, an industry expert has said.
mergers and acquisitions
Growing optimism in the oil and gas sector has failed to date to deliver a lift in oilfield services (OFS) transactions, according to KPMG.
New levels of North Sea upstream deal activity in 2019 are giving us many reasons to be positive and optimistic about the future.
Oil and gas transactions have remained steady throughout Q2 2019 with significant activity among operators as the focus continues to be on the divestment of non-core assets.
The North Sea will be a hotbed of merger and acquisition (M&A) activity if the oil price holds up, the audience heard at a bumper breakfast event in Houston today.
Anderson Anderson & Brown Corporate Finance (“AABcf”) are delighted to share with you our quarterly Deals+ update for Q1 2019 in conjunction with Energy Voice, highlighting selected Oil & Gas M&A and Fundraising transactions across the UK.
Oil and gas deals ground to a halt in early 2019, plummeting to a 10-year low after the collapse in crude prices at the end of last year.
Global oil and gas total deal value increased by $79.7bn during 2018 to reach $426.8bn, despite a decrease of 18% in deal volume.
Volatile oil prices are hindering global M&A deals by creating uncertainty, widening the asset valuation gap between buyer and seller, and making companies re-think their strategies, analysts said.
Uncertainty created by volatile oil prices “paralysed” a number of North Sea asset deals at the end of 2018, a top energy sector investor said.
A total of £34.3billion-worth of merger and acquisition deals were carried out in upstream oil and gas in the third quarter of the year.
The world’s biggest public energy company doesn’t worry about size when it comes to potential deal-making.
Aberdeen is seeing an increase in mergers and acquisitions activity as confidence returns to the offshore energy sector, according to Grant Thornton.
2017 was the third full year of the most protracted downturn in the global oil and gas industry but was generally considered to be no worse than the previous two. Despite initial optimism at the beginning of the year, the industry remained flat with operators keeping a tight rein on spending notwithstanding a steady increase in commodity prices throughout the year.
Chartered accountant and business advisor Anderson Anderson and Brown (AAB), of Aberdeen, has topped a list of Scottish “dealmakers” for a 12th consecutive year.
Chemical multinational INEOS has acquired Engie E&P's onshore licences, bringing its total acerage to 1.2million acres.
TechnipFMC is expected to buy the remaining shares in Norwegian design and engineering company Kanfa.
Bosses at Ithaca Energy said it would be “business as usual” for the North Sea oil producer following its anticipated takeover by Israeli firm Delek Group.
A recent spate of acquisitions shows oil companies and investors still see potential in the North Sea, a lawyer said yesterday.
Engineering services firm EnerMech said yesterday that it had snapped up an electrical and instrumentation (E&I) business with bases in Australia and the US.
General Electric (GE) is nearing a deal valued at about $30billion to combine its oil and gas business with Baker Hughes Inc., the Wall Street Journal reported.
Marine service company James Fisher and Sons said today it had completed another acquisition after tying up a £10million deal for Hughes Sub Surface Engineering.
Aberdeen-based Parkmead Group has “tonnes of firepower” left for acquisitions after doubling its stakes in two North Sea fields, the oil and gas firm’s boss said yesterday.
Oil services firm Subsea 7 today said it had snapped up Scottish polymer lining technology firm Swagelining for an undisclosed fee.
A Californian energy firm has provisionally agreed to take over a rival in a $41.5million (£31.6million) transaction, according to media reports. Bosses at Royale Energy said they expected the deal for Matrix Oil Corporation to go through before the end of 2016, subject to approval from regulators and shareholders. Royale is an independent exploration and production company with its main operations in the Sacramento and San Joaquin basins in California.