M&A: North Sea deals won’t rush to meet oil price surge

M&A: North Sea deals won’t rush to meet oil price surge

Firms won’t be rushing into deals or investment off the back of higher oil and gas prices – the boom may even be stalling such activity in the North Sea, according to top analysts.

Brent crude has surged in recent weeks, going beyond $100 in February for the first time since 2014, and even reaching beyond $130 in the wake of Russia’s invasion of Ukraine.

But North Sea operators are expected to keep a cool head when it comes to investment.