Privately backed financial firms have close to $1 trillion ready to deploy into the global oil and natural gas sector, with one-quarter now planning acquisitions by year’s end that mostly target North America and the Asia-Pacific, a survey by Ernst & Young has found. With an estimated $971.4 billion of private equity (PE) available as of June, 100 global firms surveyed are preparing to increase investments in the energy sector, according to “Capitalizing on Opportunities: Private Equity Investment in Oil and Gas.” About one-quarter are planning acquisitions before the end of the year, while 43% expect to invest by the first half of 2017.
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