2010's Key Trends in Oil and Gas Deals
Evaluate Energy submits:Oil and gas deals in the E&P sector reached $73 billion in the 4th quarter of 2010 with deals for the year totalling $238 billion, compared with $151 billion in 2009. The total deal value in the last quarter of this year is second only to Q3 2010 in recent years, even outscoring Q4 2009 - a quarter that included ExxonMobil’s (XOM) $41 billion acquisition of XTO Energy. That’s according to an analysis of Evaluate Energy’s in-depth M&A database. At least four key trends emerge from the pattern of oil and gas deals in 2010.
- A marked shift in Chinese activity away from Africa toward the Americas.
- A growing interest in shale plays containing liquids and some interesting new innovative approaches to monetising shale resources, prompted by the widening gap between gas and oil prices.
- A trend toward taking companies private
- The nearing completion of a dramatic series of divestitures by BP (BP)
China Shifts Acquisition Focus to the AmericasComplete Story »