E&Y sees busy year for global oil and gas M&A
The consultancy carried out a study which suggests 37% of companies are planning M&A activity
Shaun Polczer, CALGARYA new study carried out by consultancy
Ernst and Young has found that up to 37% of global oil and gas
companies are planning to shed assets and divest interests in
marginal plays over the next two years.The firm’s
annual Global Corporate Divestment survey found that 17% of
upstream respondents are in the process of selling assets and
another 20% are planning to do so within the next two years.
The survey results indicate a brisk period of...