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M&A Muted In 2013 As Transactions Decline $86 Billion Globally

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By Darren Barbee, Hart Energy
January 23, 2014

North America still owns global oil and gas wheeling and dealing, but 2013 saw buyers continuing to move to midstream as shale deals, especially in gas plays, withered, according to EY’s Global Oil and Gas Transaction Review.

Upstream deal activity in the U.S. dropped as shale gas activity declined, largely a victim of its own success from previous years, said Andy Brogan, EY’s global oil and gas transaction advisory services leader.

Globally, total M&A value declined 21% to $337 billion in 2013, significantly down from 2012’s record $423 billion. Total ...

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