“Looking ahead, we expect to see some disruption from recent oil price volatility but for strength to return to the oil and gas M&A market as the year goes on and companies grapple with increased cost and margin pressures," commented EY’s global oil & gas transaction advisory services leader Andy Brogan.
“Upstream transactions will centre more around companies with strong balance sheets pursuing assets from those adjusting their portfolio to take account of new price levels," he predicted.
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