Deals
Oil Industry Shifts From Survival to Growth
- More than $11 billion of transactions were announced in July
- Sellers and buyers now finding consensus on asset valuations
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Multibillion-dollar oil and gas deals are back on the table.
More than $11 billion of transactions were announced globally in July as crude’s recovery fueled hopes of a steadier market, Wood Mackenzie Ltd. said. That’s the highest monthly total this year and brings the amount since May to $32 billion, triple that of the previous three months. Dealmaking will continue to accelerate as oil prices stabilize, according to the consulting firm.