Super Synergy: The IOColossus And The SSC
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.
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