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M&A deals decline globally except in US and CanadaUnconventional resource assets drove deal-making activity in the first quarter of 2012 with North America accounting for 78% of all transactions. For all of 2011, 48% of all upstream M&A spending was in the US and Canada. |
Deal activity driven by strategic and strong buyersDomestically, deal activity and valuations remain at healthy levels as buyers continue to execute on their strategic game plans and sellers adjust their portfolios toward optimal levels. |
Upstream News |
Moving Beyond the LegacyIn September 2011 Russia attracted global headlines following the signing of a historic deal between ExxonMobil and Rosneft for exploration of the Kara Sea on Russia's Arctic shelf. |
Revenue rises 23% from 3Q10, income up 41% over same periodRevenues in the third quarter of 2011 dipped 3% over the second quarter but were still up 23% over the same quarter in 2010 for the group of publicly-traded, US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal. |
India Pt. 2: The Silent RevolutionIn its search to solve the question of India's energy security, the Indian state government has been pushing to promote exploration activities in the country, and efforts of both public and private sector enterprises have recently been concentrating on the offshore exploration. |
Weekly Update: Majors continue to look further afield for new opportunitiesSome of the largest oil and gas companies in the world continued to venture into the less conventional regions of the world this week in their quest to locate their next megaproject. |
Upstream News |