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Oil price volatility driving M&A activity in oil and gas industry in recent years, says GlobalData

Published:  16 January, 2019

Mergers and acquisitions (M&A) played an important role in helping oil and gas companies survive through one of the most tumultuous times over the last five years, as oil price continues to be volatile ever since falling from $100 a barrel in 2014, according to GlobalData, a leading data and analytics company.

The company’s report: ‘M&A in Oil and Gas’ reveals that falling revenues and rising debts compelled oil and gas companies to realign their strategic objectives and reshape their portfolios, leading to a large number of M&A deals.

Ravindra Puranik, Oil & Gas analyst at GlobalData, comments: “Oil majors, especially Total, ExxonMobil, Chevron, Equinor, and Shell, were involved in a number of deals as they acquired companies and assets at attractive valuations, while also offloaded the ones that could impact profitability.”

GlobalData’s thematic research identifies upstream companies such as Felix Energy, Endeavor Energy Resources and Laredo Energy; and midstream players namely American Midstream Partners and WhiteWater Midstream as potential acquisition targets in the oil and gas industry over the next two years.

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