Global Oil, Gas M&A Hit 5-Year Low In 2013, Report Says

Law360, New York (January 03, 2014, 7:25 PM ET) -- Global oil and gas dealmaking in 2013 plunged to its lowest level since the 2008 recession as companies shifted their focus to developing their sizable portfolios of existing oil and gas reserves, resources and acreage, according to a report released Thursday.

Researchers at IHS Inc. said that the transaction value for global oil and gas mergers and acquisitions fell by almost 50 percent during 2013 to $136 billion. Worldwide deal count dropped by 20 percent from a 10-year high in 2012, HIS said.

“Following record-high deal...
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