Global oil and gas transactions review 2016

In retrospect, 2016 is likely to have seen the low point of the recent oil price downturn. However, the severity of that downturn with crude hitting US$30 a barrel was a major shock to the system for the oil and gas sector.

OPEC’s actions in the fourth quarter signalled a firm move of prices above US$50 a barrel and established a greater consensus around a medium-term pricing outlook, which released pent-up demand and drove a surge in M&A activity which has carried through into 2017.

The oil and gas industry continues to reconfigure its business model to help it sustain and grow in a lower oil price environment. In conjunction with standardization and cost cutting, they are increasingly adopting digitalization to redesign and simplify their businesses and improve performance.

Fuente: EY

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