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Siccar Point Energy, an exploration and pipelining company based in Aberdeen and backed by private-equity, have pulled off a significant deal to acquire OMV’s North Sea interests. The $1bn deal is estimated to be the largest for the offshore energy industry in the UK, following the severe drop in crude prices. This is the second significant deal of the year that the highly acquisitive firm has made in the North Sea. The… Read More
In the last week of October alone, five multi-billion dollar deals contributed to an unprecedented month of mega deals for M&A. In particular, renewed confidence in the US economy has buoyed deal activity, despite the impending presidential election, with over half a trillion dollars’ worth of deals announced globally last month. Here are the biggest deals which have made October a month to remember for M&A: GE bets on Oil & Gas… Read More
The steep drop in the price of crude oil created significant instability and uncertainty across the sector, and traditionally-run organisations have had to make strategic adjustments and difficult decisions amid the crisis. Despite the recent challenges facing the Oil & Gas sector, the energy industry as a whole remains the most active sector within M&A, with dealmakers predicting that activity is set to rapidly accelerate over the next 12 months. While the… Read More