Merger Mania Is Over: Oil Deals To See Quietest Year In Decades ...Middle East

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Merger Mania Is Over: Oil Deals To See Quietest Year In Decades
source : OILPRICE ( Middle East ) () 8
ir Winston Churchill once admonished leaders to never let a good crisis go to waste, and Big Oil has rarely failed to heed the advice. Under normal circumstances, energy downturns have created perfect opportunities for deep-pocketed oil and gas heavyweights to land prime assets on the cheap. A good case in point: the last oil bust of 2016 was followed by a sizable number of huge M&A deals in the sector including the $60B tie-up between Royal Dutch Shell (NYSE:RDS.A) and BG Group, Canadian Oil Sands and Suncor EnergyEnergy, as well as a handful…

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