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

Posted on

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

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s