April 19 - InvestmentExecutive.com - Record cash flows have pushed deal activity in the oil and gas industry to levels rivalling the mega merger highs of 1998.
‘O&G Deals’ -- the first annual analysis by PricewaterhouseCoopers (PwC) of M&A activity in the oil and gas sector ---reports that average deal value in the sector rose 18% in 2006 pushing the aggregate M&A total to US$291bn, up US$41bn some 16% on the previous year.
Gas deals dominated the list of the largest transactions in 2006, with six out of the eight upstream deals in the top ten deal list. This was in contrast to the previous year when only two deals in the top ten of all deals and four of the top 10 of upstream deals were gas dominated. Read More.
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