PRINT THIS PAGE O&G Deals 2007 Review
30/04/2008. Source:PricewaterhouseCoopers.
Private equity investors were major oil and gas players in 2007, according to this annual review from PricewaterhouseCoopers. Remarkably, three of the top ten O&G deals involved private equity buyers. Private equity investment was also a notable feature in the midstream and service sectors. The extent of private equity investment in the top fifty deals is something that has not been seen in the sector in recent years. Deal activity in the oil & gas industry was characterised by a wide diversity of forces in 2007. M&A opportunities for the majors remained limited. Activity by the national oil companies (NOCs) was also relatively subdued. The unique circumstances of Russian energy industry restructuring produced a flow of transactions. Private equity assumed a very high profile and was a major driver of O&G deals. Oilfield service
consolidation accelerated sharply leading to a huge increase in service deal value. International transactions replaced North American and European deals in the multi-billion dollar stakes.
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