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ASIAN NOCS BOOSTING GLOBAL M&A ACTIVITY

Asian NOCs Boosting Global M&A Activity

Study Released July 15, 2010

Commodity Report - Crude Oil - June 2010

A sure sign that a global economy is recovering is seen by the increased activity in the global oil and gas sector mergers and acquisitions. It is definitely not at peak levels of 2008, but steadily improving financing conditions, relatively high oil prices and the needs of Asian national oil companies (NOCs) and international oil companies (IOCs) to access the reserves are all contributing to the M&A revival. The well-funded by the governments Asian NOCs are eager to secure energy supplies for growing domestic economies, and IOCs are seeking to gain access to reserves through acquisitions and joint ventures. Both types of companies are helping the momentum for upstream M&A activity, and both are highly active in North America, where unconventional reserves such as Canadian oil sands and the US shale gas have attracted their attention..... Download full report.

June 2010