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Oil and gas upstream M&A reaches $51.3bn in 2Q2014

A growth in demand for US and Canadian assets sparked a revival in global oil and gas upstream mergers and acquisitions (M&A) activity in 2Q2014. The total upstream deal value of $51.3bn for the quarter is the highest single quarter total since 2012, according to new analysis from Evaluate Energy. Deals to acquire North American assets and businesses made up 47% of this total, as many companies looked to restructure and streamline their operations as production costs continue to climb.
 

News Item details


Journal title: Petroleum Review

Keywords: Mergers and Acquisitions - Company mergers / strategic alliances

Countries: USA - Canada -

Subjects: Law and Legal practice

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