IHS: Chinese national oil companies dominated M&A deals in 2013

01/13/2014
Led by the Chinese, Asian and Caspian regional national oil companies purchased half of the 10 largest deals globally in 2013, according to IHS research on energy mergers and acquisitions. Meanwhile, oil and gas companies elsewhere shifted their focus in 2013 to developing inventories of previously acquired reserves, resources, and acreage, resulting in the nearly halving of transaction value for global oil and gas M&A deals to $136 billion—the lowest level since the 2008 recession. IHS said the worldwide deal count dropped by 20% from a 10-year high in 2012 of more than $250 billion. However, after a sluggish first-half 2013, deal activity ramped up in the second half. Growth in expl...
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