Despite a late-year plunge in crude oil prices, robust merger and
acquisition activity (M&A) in the first 10 months of the year fueled an
increase in the total transaction value for global upstream oil and gas
M&A deals in 2014, which rose 23 percent to $173 billion, according to
analysis from information and insight provider IHS (NYSE: IHS).
This rebound in 2014 transaction value is particularly noteworthy for
the industry after transaction value for global upstream oil and gas M&A
deals fell by almost half during 2013 to $140 billion, the lowest level
since the 2008 recession.
for Despite Crude Oil Price Decline, Global Upstream M&A Transaction Value Rose in 2014, IHS Says investment picks