OIL & GAS CONSOLIDATION
PLATTS - Consolidation through the oil and gas sector is heating up, spurred in many cases by too many small companies, lack of operator scale, profits and in the oilfield services segment, an inability to raise prices after the recent downturn, industry executives said Tuesday.
Recent multibillion dollar deals in such diverse subsectors as upstream and oilfield services that provide producers with equipment and services have not only been thought beneficial, but analysts and industry watchers at the Deloitte Oil & Gas Conference say more…
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