SINGAPORE (June 20): A majority 90% of oil and gas (O&G) executives expect the global mergers and acquisitions (M&A) market to improve in the next 12 months, up from 43% in Apr 2017, as 1H18 saw record-level dealmaking, according to the EY Oil & Gas Global Capital Confidence Barometer.
The report also found that O&G companies represent the highest dealmaking appetite among all the sectors surveyed, as 62% of executives intend to pursue M&A in the next 12 months compared to 52% globally.
However, 49% of respondents say that inflation is the biggest risk to investment plans and 40% cite market volatility as the biggest risk, amid rising oil prices and oilfield services looking to renegotiate contracts at higher rates... (Click here to read the full story)