I was asked to present a view on deal flow in Aberdeen. Not a bland “it’s getting better, albeit still challenging” comment, but something more realistic, perhaps more honest, based on what we’re seeing in the day-to-day.
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.
By Corporate finance division at Anderson, Anderson & Brown LLP
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.
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.
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.
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.
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.