Search

Has M&A created value in the North Sea?

04 September 2019

Since the turn of the decade, it’s been a frenetic period for M&A in the North Sea. Against a backdrop of oil price volatility and a dramatically changing corporate landscape, activity reached record levels. But have acquisitions created value so far? Wood Mackenzie recently analysed 55 of the largest North Sea deals announced between 2012 and 2018 from today’s vantage point to quantify underlying value creation.

Comment

BP sells Alaska business to Hilcorp in US$5.6bn deal

27 August 2019

Speaking after BP announced the sale of its Alaska business to Hilcorp in a US$5.6 billion deal, Wood Mackenzie analyst Rowena Gunn said: “The Majors are making progress with their divestment campaigns. This will mean long-held assets and territories will be let go. BP made such a deal today with its sale of all US Alaska assets to privately-owned Hilcorp."

Comment

TechnipFMC demerger 'a bold step to reposition for the long-term'

27 August 2019

In 2017 Technip and FMC Technologies completed one of the hallmark oilfield service company mergers of the cycle. The business plans to split in the first half of 2020 – but not back into Technip and FMC - rather into ‘upstream’ and ‘mid/downstream’.

Comment

ExxonMobil poised to sell ‘attractive’ UK North Sea portfolio

13 August 2019

Commenting on reports that ExxonMobil is preparing to sell its UK North Sea portfolio, Neivan Boroujerdi, principal analyst, North Sea upstream, at Wood Mackenzie, said: “A proposed UK exit was expected. We value the portfolio at around US$2 billion.

Upstream

Emissions & Carbon Management

Energy Transition Scenarios & Technologies

Power & Renewables

Gas & LNG

Metals & Mining

Oils & Chemicals

Commodity Trading Analytics

Supply Chain Analytics

Consulting

Wood Mackenzie Events

Industry

Global events

Asia

Africa

Europe

North America

Power and renewables

Upstream oil and gas

Macroeconomics, risk and global trends

Oil and gas markets

Midstream oil and gas

LNG

Downstream oil refining

Coal

Metals markets

Metals costs

Chemicals

Wallmaps for sale

Power & Renewables

Hydrogen

Upstream

Subsurface

Gas & LNG

Metals & Mining

Carbon

Emissions

Energy Transition

Lens Direct - API

Access our research platforms

Refine results

Article Category

Industry Sector

Commodity

Location

Search results: 564

Has M&A created value in the North Sea?

BP sells Alaska business to Hilcorp in US$5.6bn deal

TechnipFMC demerger 'a bold step to reposition for the long-term'

ExxonMobil poised to sell ‘attractive’ UK North Sea portfolio

Data consortiums signal the future of oil and gas

Petrogas and Hitec Vision snap up Total UK asset package in $635m deal

ExxonMobil and QP land a giant with Glaucus

Spanish renewables targets undermined by political uncertainty

Glengorm ‘largest UK gas find since 2008’

Medco Energi's potential takeover of UK-listed Ophir Energy

Hammond raises hopes of decommissioning hub role for Scotland

OGA gives Alligin and Finlaggan the green light

Total hits the jackpot at Glendronach

BP seals asset swap with ConocoPhillips

Will a shifting global market embrace US crude?

Russia supply reduction via Nord Stream poses risks to gas storage refill in Europe

Stability of Russian gas flows remain uncertain, despite the reopening of Nord Stream

Europe to install 45 million heat pumps in the residential sector by 2030

CCUS planned capacity nearing 1 billion tonnes per annum

Wood Mackenzie predicts European gas demand will continue to fall, helping gas storage outlook for this winter and the following

European gas storage plans for 2023 still stand despite cold snap

Russian refinery products will continue to flow in 2023 despite European price cap

High quality oil and gas supplies are scarce, threatening emissions targets and a healthy energy transition

A supercharged China could turn up the heat on global commodities

Nuclear needs to be cost competitive with alternative power generation to enable net zero

Global floating solar to top 6GW threshold by 2031

Industry leaders to speak at Wood Mackenzie’s Hydrogen Conference

Steel decarbonisation to redefine supply chains by 2050

China leads global renewables race with record-breaking 230 GW installations in 2023

Offshore wind sector doubled down on tangible opportunities in 2023

Sign up to the Inside Track weekly newsletter