March 6 - Bloomberg - The pace of global oil and gas acquisitions will increase this year, sparked by soaring oil prices, the head of Bank of Nova Scotia's oil advisory unit said.
Mergers are going to be ``super-active in the energy space, specifically in the oil and gas industry,'' Scotia Waterous Vice Chairman and President Adam Waterous said in an interview.
With "hundreds and hundreds" of small oil and gas companies competing for the same business, and crude oil for April delivery surpassing $100 a barrel, it's inevitable that companies will continue to get taken over, Waterous said. There were 848 oil and gas purchases announced last year worth $118.4 billion, according to Bloomberg data. Read More.
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