February 15 - Accounting Age - Mergers and acquisitions deals in the oil and gas industry were edging up slightly throughout 2007 despite the impact of the credit crunch, PricewaterhouseCooper’s latest annual analysis of M&A activity in the sector, O&G Deals, reveals.
The report shows deal totals rose from $US291.1bn to $US292.2bn year on year. There was no clear evidence of a decline in O&G deal activity in the second half of the year as the credit crunch broke, reflected in the number of 2007 final quarter deals – up 7% on the final quarter of 2006. Read More.
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