Auditing and consulting company Ernst & Young (E&Y)predicts growth in the number of transactions in the oil and gas sector in 2016 after falling 33% in 2015. This is stated in the report of the Global oil and gas transactions review 2015.
As noted by E&Y, in 2016, the industry expects growth in the number of operations. According to the report, the return of energy prices to the same level will not be quick because of the uncertainty in the future policy of the countries — manufacturers of oil and doubts about the impact of Iran on the international oil market. “The volume of operations in this fiscal year is expected to grow after the company revised its position and strategies, adapting them to the current oil prices”, — quotes RNS managing partner segment operations Ernst & Young Rafael Roldan.
In 2015, the number of transactions in the oil and gas sector decreased by 33% to 1 thousand 350 transactions, and their value fell 17% to $380 billion, the Largest decline in activity was observed in the oil services industry, which has decreased almost 40% to 193 deals, and the cost by 63%
