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The (New) Force Behind Upstream Asset Buys


  • In times of crisis, oil and gas company default to two things: staff layoffs and asset sales.
  • Factor in the strengthening climate change argument that is changing the core strategies of energy supermajors, the idea of buying a (potentially distressed) oil or gas asset is now quite unappealing, not matter how strategic that asset could be.
  • In 2015, the last time the industry went on a major selling spree, private equity-backed companies started taking over assets, buying into acreage in the North Sea and other mature basins as the supermajors evolved to be leaner and meaner.



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