E&P upstream market leads the way in M&A activity

SourceEnergy Voice
SectorOil & Gas
CountryGulf

Anderson Anderson & Brown Corporate Finance (AABcf) is delighted to share with you our quarterly Deals+ update for Q1 2021 in conjunction with Energy Voice, highlighting selected Energy M&A and Fundraising transactions across the UK.

A year on from being hit by some of the biggest challenges the upstream E&P sector has ever faced, we have seen in Q1 2021 a greater volume of disclosed North Sea deal value than in the whole of 2020. The oil price is riding above $63 at the time of writing, with Goldman Sachs predicting it could reach $80 by the third quarter. What a difference a year can make! An anticipated post-Covid recovery is definitely a factor.

This is reflected in a hike in Chinese demand that is meeting limited supply for a wide range of commodities.

The US Senate’s $1.9 trillion stimulus package is another factor, pointing towards the world’s biggest oil consumer getting back up to speed. Add to this OPEC’s production cut...read more...