Europe M&A - Crisis? What crisis?

This report is currently unavailable

This report is currently unavailable

Get this Insight as part of a subscription

Enquire about subscriptions

Already have a subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.

Report summary

Despite having spent over three years in the grip of an undulating debt crisis, Europe continues to see high levels of upstream M&A. What's more, changing dynamics in the region's key markets - the UK and Norway - are supportive of increased liquidity.

Table of contents

  • Regional M&A Outlook
  • Valuation
    • Fiscal changes provide a catalyst for M&A
    • Continued poor exploration performance will have mixed impact on M&A
    • Pre-emption rights complicating deals
    • UK shale gas
    • Juniors will continue to provide market liquidity
    • Statoil and the State DFI are potential sellers
    • New entrants could stimulate activity
    • Smaller E&Ps are potential targets
  • Netherlands
  • Denmark and Germany
  • Ireland
  • Italy
  • Eastern Mediterranean
  • Shale gas
  • Black Sea

Tables and charts

This report includes 14 images and tables including:


  • Major Europe focused deals in 2012
  • Trends in Europe focused M&A


  • Strategic fit of European interests within the Majors' and Large Cap IOCs global portfolios
  • Consideration premium/discount to WM Valuation
  • Implied Long Term Oil Price
  • Remaining value by peer group - Europe (selected)
  • Europe M&A spend, non-European NOCs by origin
  • Implied Long-term Oil Price, deal-by-deal vs. Brent oil price (Europe focused deals highlighted)
  • Weighted average ‘per barrel' acquisition costs
  • Share of global M&A
  • Implied Long-term Oil Price
  • Total Resource traded
  • Buyers & Sellers 2012
  • Annual upstream M&A spend (by deal type)

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898