What does the wave of mega-mergers mean for Asian portfolios?
The last few weeks have seen an unprecedented wave of oil and gas mega-mergers. Over US$110 billion in upstream portfolio value has been combined or traded. With the combined entities overwhelmingly North America or Europe-focused, what are the implications for their Asia-Pacific businesses? Because while production in-region may be insignificant in the context of the global portfolio, the upstream cash-flow is not.