Report: 2016 is the year of acquisitions in the oil industry

After a very quiet 2015, Wood Mackenzie expects a lot of activity on the acquisition market for oil and gas companies in 2016.

Photo: Øyvind Hagen/Statoil

A new report from the analysts at Wood Mackenzie anticipates many acquisitions and mergers in the oil and gas sector in 2016.

2015 was very quiet around the world when it came to major takeovers. Only 15 deals worth over USD 1 billion were made, compared to 46 in the previous year. According to Wood Mackenzie, this is especially attributable to the drastically declining oil price.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

HMM doubled revenue in Q1

South Korean container line HMM follows the trend of European competitors, which have already presented their first-quarter financials. Revenue doubled in a significant surge.

Further reading

Related articles

Latest news

See all jobs