Global upstream oil and gas M&A reaches $25.6B in Q2 2016

Eoin Coyne, Evaluate Energy

The total global spend on upstream M&A deals rose an encouraging 38% in the second quarter, driven by improved oil prices and market confidence, according to Evaluate Energy's review of global upstream oil and gas M&A activity in Q2 2016.

Oil exceeded $50 a barrel during Q2 – the first time it has done so since July 2015. This is clearly a principal driver of M&A activity; should prices continue to rise, we would anticipate deals to follow.

Q2 upstream deals were worth a combined $25.6 billion, according to our latest data, compared to $18.5 billion in Q1. Yes, banks remain wary of over-committing on oil assets, but several companies are acting now rather than waiting for further rises in prices and asset values.

Source: Evaluate Energy Q2 2016 Upstream M&A Review

Top 10 upstream deals in Q2 2016

Source: Evaluate Energy Q2 2016 Upstream M&A Review

About the author
Eoin Coyne is a senior M&A analyst at Evaluate Energy.

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