In an ongoing volatile market, deals activity remains top of mind across all segments of the energy industry. PwC’s energy practice helps corporate and private equity executives navigate transactions to increase value and returns.
PwC’s Energy Deals practitioners help corporate and private equity executives navigate transactions to increase value and returns. Our experienced M&A specialists assist clients with a range of transactions from smaller and mid-sized deals to the most complex transactions. We integrate our deep industry knowledge and expertise with our clients' point of view to deliver strategy through execution.
The world continues to be in the midst of a global pandemic, a truly humanitarian challenge. The oil price collapse, caused by the COVID-19 economic impact and the complexities in OPEC decision making, has put pressure on an already fragile oil & gas sector. The short-term distress and potentially irreversible demand destruction are forcing players across the value chain to conserve cash and rethink their long-term strategies. All of this has led to the lowest level of deal activity since 2011.
2020 has rocked every sector, and the oil and gas industry was hit particularly hard — on numerous fronts. The dual supply and demand shock of the spring followed growing uncertainty on both near- and long-term demand levels. The US will continue to be a dominant producer on the global stage, but pressure for consolidation is swiftly accelerating, and the industry’s structure will likely look much different in 2021 (and beyond).
Energy Deals Leader, PwC US