Upstream Oil and Gas Deal Value Plunges Amid Oil Price Uncertainty ...Middle East

OILPRICE - Economy
Upstream Oil and Gas Deal Value Plunges Amid Oil Price Uncertainty
source : OILPRICE ( Middle East ) () 22
The collective monthly value of asset deals within the upstream oil and gas sector collapsed to $5.55 billion in March, down from $32 billion in February, even as the volume held steady at 35 transactions compared with 34 the previous month. Where the capital moved South America dominated March activity, accounting for 55% of total deal value, with North America contributing 16% and Asia 13%. The largest single transaction was the acquisition of SierraCol Energy by Philippines-headquartered Prime Infrastructure for an estimated $1.4 billion, according…

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