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EY releases Oil & Gas transactions review

10 Feb 2015

EY has released their ‘Global oil and gas transactions review’ for 2014, and it details how the oil and gas deal value and volume have reacted to the market changes and how this will impact transactions within the industry in 2015.

The report says that global oil and gas deal value increased by 69% in 2014, while deal volume continued its decline as the market itself became increasingly unstable.

Despite three years of strong and relatively stable oil prices, the second half of the year saw a decline in the price of oil which slowed the number of transactions globally.

Despite the drop in the number of transactions from 2367 in 2013 to 1885 last year, 2014 must still be considered a successful year in terms of oil and gas transactions as global deal value grew by nearly 70% from 2013 to US$443 billion.