E&Y sees busy year for global M&A

15 February 2013

 

 
Shaun Polczer, CALGARY: A 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...



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