First quarter 2011
'Mega Deals' continue to blaze a trail
There were 163 deals globally in the Oil and Gas industry in the first quarter of 2011, the lowest level of Mergers & Acquisitions (M&A) activity since early 2009 and down by around 20% on the levels seen in 2010 albeit at higher than average deal sizes supported overall deal value.
Although this could be symptomatic of greater caution in the industry on the back of slow economic growth and unrest in key oil states, it is evident that ‘mega deals’ are still very much on the agenda.
Therefore, despite lower deal activity in the first quarter of 2011, continuing optimism in the sector has still driven strong deal activity. Barring any shocks to the oil price we would expect 2011 to be a strong year for the sector.