Monday 15 December 2014

VALUATIONS TO DROP AS OIL & GAS DIVESTMENT ACTIVITY ENTERS INTO BUYERS’ MARKET

The oil and gas industry is entering into a buyers’ market with more measured valuations, as the oil price slump impacts divestment and M&A deals in 2015.

According to Rolake Akinkugbe, VP and head, Energy and Natural Resources at FBN Capital, “Divestment deals forecast in the Nigerian market in 2015 are probably more in the region of $1-$2.5bn, much smaller than in recent years, due to the depressed global oil price environment.

Read more @ Businessday

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