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Oil & Gas M&A At Record High

Royal Dutch Shell’s planned $70 billion acquisition of BG Group is the headline oil and gas deal that has pushed announced mergers and acquisitions in the sector to record volume in the year to May 7, according to Dealogic.

Oil and gas M&A volume for the period between January 1 and May 7 this year was $146.4 billion through 335 deals.

Deal volume is rising. This week U.S. oil and gas company Noble Energy said it will buy U.S. shale oil producer Rosetta Resources for about $3.7 billion, including debt. Morgan Stanley, also this week, said it will sell its physical oil merchant business for about $1 billion to energy trader Castleton Commodities International.

Since the fall in crude oil prices last year, many expect a reshaping of the oil and gas sector as oil majors such as Shell or private equity firms such as Blackstone Group, with multi-billion dollar energy buyout funds, take advantage of low assets prices to make acquisitions.

The following is a table of oil and gas mergers and acquisitions volume since 2006, between January 1 and May 7, according to Dealogic data.

20150512122033

Source: Dealogic

What do you think? Will mergers and acquisitions continue apace in the oil and gas sector?


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