Super Synergy: The IOColossus And The SSC
Add bookmark
While last year did not see the mooted purchase of a supermajor, a whole year of subpar quarterly results and oil prices at 50 per cent of their 2014 values has made this eventuality all the more palpable in 2016.
After a record year for mergers and acquisitions in 2015, seeing the likes of Royal Dutch Shell buying out BG Group and the two mergers of service company giants Baker Hughes / Halliburton and Schlumberger / Cameron, 2016 will be ripe for the creation of the IOColossus and the Super Service Company (SSC).
Amongst notable synergies in the offing, ExxonMobil could well swoop for a beleaguered BP, and the French supermajor, Total, could raid Italian independent Eni to create an entity with a mastery over hydrocarbons holdings in Africa.
[eventpdf]
READ MORE: Oil Price: The Top 25 Events That Rocked The Cost Of Crude Oil
LEARN MORE: The Biggest Companies In Oil & Gas Companies
RELATED: Oil & Gas Industry: An Introduction
|
Have Your Say! Rate this feature and give us your feedback in the Comments below or via Twitter or LinkedIn |
