mergers

Insights

2016: The year of the mega-merger

From Shell and BG to Baker Hughes’ multiple suitors, 2016 saw a major shake-up in sector’s players line-up. Find out who decided to combine their lots and who ditched the talk in the gallery below. Click “Read Article” to see the report in full. 2016 Mergers

Oil & Gas

Mega deals activity among UK firms jumps to 15-year high in 2015

Mega deals came back into fashion in the City last year, with chief executives becoming more confident as the drama of the financial crisis faded into the background. Mergers and acquisition activity involving UK firms jumped almost 63% to $565billion, a 15-year high involving 3,385 deals, according to data firm Dealogic. The biggest of these acquisitions saw London-listed Peroni and Grolsch group SABMiller bought by Budweiser brewer Anheuser-Busch InBev for £71 billion in a deal finalised last month.

Oil & Gas

North Energy considers mergers and acquisitions as it looks to boost shareholder options

Norwegian oil explorer North Energy said it was looking at all options in a bid to boost shareholder value, which could include mergers and asset sales. The company reported a wide quarterly loss as low oil prices continue to hurt companies. The firm said it was on track to complete a restructuring which was started at the end of last year as the company looked to adapt to tougher marker conditions.

Oil & Gas

Total chief exec tells oil majors to “be patient” around mergers and acquisitions

Total's chief executive said oil majors are well positioned to grow during the oil price downturn but should "be patient" when it comes to mergers and acquisitions. Patrick Pouyanne made the comments after it was revealed Anadarko had become the latest company to launch a takeover bid for Apache, following in the steps of Shell and BG and Halliburton and Baker Hughes.

Markets

Analysts see M&A value decrease, but number of deals on rise

Upstream oil and gas deal activity in June saw a $4.3billion decrease in comparison with the previous month. Research and consulting firm GlobalData said work, including capital markets and mergers and acqusitions, totalled $19.3billion from 125 transactions in June, while in May the total was $23.6billion across 119 deals. Analysts said Europe, the Middle East and Africa led the global acquisitions market in terms of value last month with a 39% regional share totalling $4billion.