Global Energy M&A Starting Strong as Operators Transform Oil, Gas Portfolios
Following a slump in dealmaking last year, the oil and gas industry is hitting the reset button in 2021, as operators are making deals with an eye to consolidate and reduce their carbon footprints.
Although the year is young, two recent analyses demonstrate the difference between the slumping activity last year and what may be at hand as this year moves forward.
Deloitte issued a lookback at 2020 activity and offered an upbeat forecast for 2021. Singapore-based Finbrook Pte Ltd. on Tuesday gave a vote of confidence for this year in its review of February activity, which showed dealmaking was on the rise through February in North America and beyond.
Saudi Aramco has asked banks to extend by a year a $10 billion loan it raised last May, two sources familiar with the matter said, suggesting that rebounding crude prices are not pushing the oil giant to reduce debt for the time being.
Saudi Aramco has asked banks to extend by a year a $10 billion loan it raised last May, two sources familiar with the matter said, suggesting that rebounding crude prices are not pushing the oil giant to reduce debt for the time being.
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