Mergers And Acquisitions Are Back With $10 Billion In New Deals ...Middle East

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Mergers And Acquisitions Are Back With $10 Billion In New Deals
source : OILPRICE ( Middle East ) () 44
The last two energy crises that threatened hundreds of energy companies with bankruptcy have rewritten the oil and gas M&A playbook. Previously, oil and gas companies made numerous aggressive tactical or cyclical acquisitions in the wake of a price crash after many distressed assets became available on the cheap. However, the 2020 oil price crash that sent oil prices into negative territory has seen energy companies adopt a more restrained, strategic, and environment-focused approach to cutting M&A deals. It is, therefore, hardly surprising…

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