By _Offshore_Energy_Today_ In its 2018 Business Outlook, Oil & Gas UK looked at the big mergers and acquisitions in the past year. … Read Full Article Here For more great articles: Offshore Energy Today
The subsea industry has been hit hard by the downturn, despite being supported initially by substantial backlogs. Those backlogs are now eroded and at their lowest levels for more than a decade. Current order intake has recovered, but not enough to sustain activity at comparable levels to those seen in previous years. The supply chain…
By _Offshore_Energy_Today_ Around $6 billion worth of mergers and acquisitions in the UK oil and gas sector during the first half of the year sent a vote of confidence to a basin grappling with challenges of a major downturn, said Oil & Gas UK’s Economic Report 2017. The Economic Report 2017 was the trade body’s…
By Jeroen Swillens By DNV GL With oil and gas industry mergers and acquisitions expected to pick up this year, buyers and sellers need to focus on more than financials during due diligence. Other key considerations include environmental and safety impacts of projects or assets. Companies in the oil and gas sector are expecting increased…
By LNG World News Anadarko, the developer of the giant Mozambique LNG project, has named Claire Farley to serve as an independent director of the company. Speaking of the appointment, Anadarko chairman, president and CEO, Al Walker, said Farley brings far-reaching experience in finance, strategic investments, mergers and acquisitions, and exploration and new ventures. Farley…
By LNG World News A British Petroleum (BP) logo is seen at a petrol station near the Burj Khalifa in Dubai August 29, 2012. REUTERS/Jumana ElHeloueh/File PhotoBy Ron Bousso LONDON (Reuters) – The world’s top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and gas reserves rather…
By Offshore Energy Today Following the low activity in the UK upstream industry in 2016, the energy intelligence group Wood Mackenzie expects modest growth in 2017 but also a record for mergers and acquisitions. Activity was low on the UKCS in 2016 as companies were in full survival mode during the oil price downturn and…
Mergers and acquisitions could become more frequent in the oilfield services sector over the next 18 months, according to professional services firm KPMG. Read Full Article Here For more great articles: Offshore RSS Feed
Despite problems created for Canadian producers by the plunge in crude oil prices, mergers and acquisitions will revive this year, according to analysts at EY Canada, Calgary. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest
A year on since the oil price collapse and the effects are making themselves felt across northwest Europe, particularly in the UK and Norwegian sectors, according to a recent report issued by Hannon Westwood. Read Full Article Here For more great articles: Offshore RSS Feed