Hydrocarbons remain one of most active sectors for M&A

Hydrocarbons have remained one of the “most active” sectors for mergers and acquisitions in 2012 in spite of relatively stable price scenario, according to Ernst and Young (E&Y).

The oil and gas transactions totalled a staggering $402bn in 2012, representing a 19% increase compared to $337bn in the previous year, E&Y said in its latest report.

It found that 92 transactions exceeded $1bn in value compared to just 71 in 2011.

“This was despite a marginal decrease in oil and gas transaction volumes from 1,664 deals in 2011 to 1,616 in 2012,” it said.

Read more: http://www.gulf-times.com/business/191/details/342150/hydrocarbons-remain-one-of-most-active-sectors-for-m%26a%2c-says-e%26y