According to E & Y (Ernst & Young) latest global oil and gas industry mergers and acquisitions analysis report shows that, despite the prospect of economic uncertainty factors have increased, but the rising trend of global oil and gas industry mergers and acquisitions activity will be sustained in 2012. The 2011 global oil and gas industry, announced that more than 1322 M & A transactions announced in 2010 the number increased by 5%. 2011 global oil and gas M & A transactions valued at $ 317 billion, a decrease of 7 percent more than in 2010. Which each transaction worth more than $ 1 billion in transactions 71, 2010 76.
Ernst & Young said that 72% of the total number of accounting for oil and gas M & A transactions in the global oil and gas upstream M & A transactions in 2011, the United States and Canada a total of 562 oil and gas upstream M & A transactions, accounting for 59% of the total. The biggest deal is Kinder Morgan to spend $ 38 billion acquisition of El Paso.
Andy Brogan, Ernst & Young global oil and gas M & A transactions, the world's shale assets related to mergers and acquisitions amounted to $ 66 billion in 2011. Up to now most of the unconventional oil and gas resources in M ​​& A transactions in the United States and Canada, but the Brogan particularly pointed out that unconventional oil and gas resources in the field of M & A transactions worth attention, because China has estimated reserves of the world's largest shale gas, accounting for the global shale gas estimated that 19% of the total reserves.
The report notes that the 2011 global oil and gas upstream and downstream mergers and acquisitions activity has declined, the value of transactions declined slightly compared to 2010. Brogan said that the downstream oil and gas mergers and acquisitions activity driven by international oil companies to re-adjust their business to improve the efficiency of capital. European refiners are struggling to struggle with the depressed market environment. It is reported that 75% of the third quarter of 2011, European refiners negative cash flow. Brogan said that part, this reflects the aging of the European refineries can not keep up the pace of market changes, these refineries had designed mainly to produce gasoline, and the current demand for gasoline in Europe is declining.
Ernst & Young said that the global oil and gas downstream of the number of M & A transactions in 2011 was 103, a decrease of 16% compared to 2010; transactions amounted to $ 38 billion, a decrease of $ 2,000,000,000 in 2010. The global oil and gas upstream and downstream 10 M & A transactions accounted for 71% of the total transaction amount. One of the biggest M & A transactions, including Berkshire Hathaway, the company spent $ 8.9 billion acquisition of The Lubrizol Corporation and Ashland to spend $ 3.2 billion acquisition of international private companies (ISPs). 2011 in about half of the downstream oil and gas M & A transactions in North America, Europe and Asia accounted for 24%. Brogan said: "downstream M & A transactions will continue to be active, but may be more focused on storage and midstream business, rather than refining.
The report notes that the 2011 global oilfield service companies, mergers and acquisitions activity is relatively strong, it announced a deal worth up to $ 37 billion, an increase of 15 percent more than in 2010. 2011 global oilfield services business, the number of M & A transactions increased nearly 64 percent to 177. Brogan, 2012 for oilfield service companies, mergers and acquisitions will continue to be optimistic, because some companies are seeking a new location, new customers and new technologies.