Mergers and acquisitions in the offing

摘要

In the current economic climate Deloitte believes there are opportunities for cash-rich oil and gas companies to acquire smaller independent oil and gas companies with attractive portfolios but capital-constrained balance sheets.Rajeev Chopra,Head of Energy,Infrastructure and Utilities in Corporate Finance at Deloitte said:'With valuations becoming more realistic as management teams accept a lower oil price environment,those international and national oil companies(NOCs)with a war chest are well positioned for M&A [merger and acquisition] activity.