Upstream oil and gas

High oil prices reshape deal-making dynamics as M&A slows while capex rises


In depth
Issue 455 - 25 Feb 2022 - By James Gavin | 6 minute read

With oil prices rising above $100/bbl as geopolitical tensions in Ukraine ratchet ever upwards, exploration and production companies in Africa are enjoying a boom, but the prospects for merger and acquisition deals are mixed. Companies that had been planning to offload assets can be reluctant to let go of a lucrative earner, while buyers have an incentive to wait for prices to fall before agreeing a deal.

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