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Worldwide oil, gas transactions, total value dips

03/24/2008
The total transaction value for worldwide upstream corporate and asset deals slipped to $154 billion in 2007 compared with $166 billion in 2006, consultants said in an annual report.John S. Herold Inc. and Harrison Lovegrove & Co. Ltd. on Mar. 12 released highlights of their joint 2008 Global Upstream Mergers and Acquisitions Review, an analysis of more than 330 major upstream transactions announced during 2007.The pricing for transactions declined during 2007 after having hit two consecutive records in 2005-06. John S. Herold is an IHS company, and Harrison Lovegrove belongs to Standard Chartered Bank.“The industry has been facing rough seas” and those conditions are like...
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