Oil & Gas M&A to ramp up in 2016

Edinburgh, 6 January 2016 In contrast to 2015, upstream oil and gas deal activity is set to ramp up this year regardless of what happens to the oil price, according to Wood Mackenzie‘s M&A outlook for 2016. Should oil prices stay low, companies will be forced to sell assets and merge businesses: to free up capital, to cut costs and to survive amid growing financial pressures. However, assuming oil prices recover in 2016 – which Wood Mackenzie forecasts will happen later in the year, with Brent rising to over US$65 per barrel in Q4 – companies will move quickly to catch the next up-cycle and re-focus from survival to growth.

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Source: CTRM Center

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