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16 Pages

Europe M&A - Crisis? What crisis?


Europe M&A - Crisis? What crisis?

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.

What's included?

This report includes 1 file(s)

  • Europe M&A - Crisis? What crisis? PDF - 884.97 KB 16 Pages, 2 Tables, 17 Figures

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • Regional M&A Outlook
  • Valuation
  • UK
    • 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
  • Norway
    • 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
  • Companies
    • NOCs
    • Japanese buyers
    • Majors
    • Regional Independents
      • Financing
      • Historic M&A
      • Methodology and Assumptions
        • Scope of coverage
        • Implied Long-Term Oil Price Methodology

In this report there are 19 tables or charts, including:

  • Regional M&A Outlook
    • Strategic fit of European interests within the Majors' and Large Cap IOCs global portfolios
  • Valuation
    • Consideration premium/discount to WM Valuation
    • Implied Long Term Oil Price
  • UK
  • Norway
  • Netherlands
  • Denmark and Germany
  • Ireland
  • Italy
  • Eastern Mediterranean
  • Shale gas
  • Black Sea
  • Companies
    • 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)
    • Major Europe focused deals in 2012
    • Trends in Europe focused M&A
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