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Oil and Gas M&A Seen Accelerating as Fear of Bad Deals Fade

  • Ernst & Young sees oil and gas M&A rising by fourth quarter
  • About 2,000 energy assets on the market globally: EY’s Brogan
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Energy acquisitions are poised to pick up as oil and gas prices stabilize and fears of bad deals wane, according to Ernst & Young LLP.

Acquisitions will accelerate in the fourth quarter with most of the announced deals coming through next year, Andy Brogan, global oil and gas transaction leader at the consultancy said. There are about 2,000 energy assets available globally and buyers and sellers are gaining confidence as industry price expectations “coalesce,” he said.