Oil & Gas – Modest recovery predicted for 2017, M&A and investment returning

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Source: oedigital.com (Offshore Engineer) Wednesday, 18 January 2017

Natural resources consultancy Wood Mackenzie says it expects a modest recovery to the oil and gas industry in 2017, underpinned by an improving oil price.

Growth opportunities, including frontier exploration, small project sanctions and increased M&A, also look likely according to the consultancy.

“Wood Mackenzie expects 2017 will be a record year for M&A activity in the UKCS, the biggest year since 2012.” Private equity players are expected to remain big buyers.

Source article here


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