Forty seniorexecutives from the oil & gas, power and renewable industries were polledby international law firm Hogan Lovells as part of a six-sector executive survey.
Some 73% of respondentssuggested they would use cash on balance sheets for M&A growth within thenext two years, with Hogan Lovells pointing out that the world’s 175 biggestenergy companies holding an estimated $850 billion in cash last year.
The
