Peter Brennan and Colin Richardson
Reporter 
|
June 15, 2017 05:01 UTC 
(5)
Mergers and acquisitions in European steelmaking could have important consequences downstream, with independent service centers increasingly nervous they will be squeezed out of the market. Investment bank Jefferies suggests ArcelorMittal will account for 40% of European coil market supply once it completes its acquisition of Italian producer Ilva, while a merged Tata/ThyssenKrupp would have a share of around a quarter. |
Peter Brennan
Editor, Europe metals
|
March 8, 2017 14:30 UTC
(12)
Profits, market share and mergers Europe is a diminishing industrial power and its steel sector has reflected that, declining to just 10% of global production in 2016. Major producers are often heavily indebted, struggling with low EBITDA margins, and suffering from fierce competition in a fragmented market that is now increasingly vulnerable to imports. Yet 2017 could be a significant turning point with a combination of anti-dumping measures, major mergers and a weakened euro combining to go a long way to solving the problems. |
Joshua Mann
Reporter 
|
November 3, 2015 00:01 UTC
(0)
As the US oil market plunges toward the end of 2015 — and the end of the incredibly profitable hedges many large producers held throughout the year — investment capital is assembling on the sidelines, ready to pick off those who can’t make sub-$60/b work without those hedges. And it’s not just the producers. Though many midstream companies will pointedly say that they have volumes fixed to term contracts and therefore aren’t exposed to fluctuations in price or production, most have at least some spot volume on their pipelines. And if a business is distressed, several analysts have said there’s plenty of capital waiting to snatch up those companies. |
Christine Forster
Reporter 
|
October 23, 2015 11:46 UTC
(0)
More than a year after oil prices started to tank, it looks like the Australian and Papua New Guinea markets are poised for a period of serious merger and acquisition activity. The latest round of maneuvering was kicked off in September by Woodside Petroleum, Australia’s biggest listed oil and gas producer, when it launched an A$11.6 billion ($8.4 billion) takeover bid for Papua New Guinea-based Oil Search. Woodside offered one of its own shares for every four held in Oil Search, which is also listed in Australia, in a proposal that the target and local analysts immediately dismissed as low-ball. |
Ross McCracken
Managing editor, Energy Economist
|
May 1, 2015 10:37 UTC
(0)
In this month’s highlight of material from Platts Energy Economist, managing editor Ross McCracken delves into the best places to sink capital in a time of low oil prices and whether recent investments have truly trickled through the industry yet. It is not hard to find proponents of the view that the current clampdown on capital expenditure by oil and gas companies will cause a shortage of oil in the future. Weak investment now causes low production in years to come. At the same time, low prices prompt greater demand. As soon as these two processes become entrenched, oil traders will look ahead to the impending shortage and prices will rise. Boom time returns. acquisitions, costs, crude, crude oil, drilling, M&A, mergers, offshore, oil, prices, production, rigs, Uncategorized
|
|
Christine Forster
Reporter
|
November 6, 2013 16:17 UTC
(0)
A small gas company will list on the Australian stock market later this year with hopes that the interest generated in its Cooper Basin unconventional resources can help it replicate the extraordinary success of Queensland coalseam gas pioneer QGC. Real Energy, founded in 2009 and led by local oil industry executive Scott Brown, boasts Norman Zillman as non-executive director. Zillman is a 40-year oil and gas sector veteran and was a founder of QGC, which ended up as an eight-year “rags to riches” corporate success story. |
Starr Spencer
Senior Writer
|
July 12, 2013 18:25 UTC
(0)
A report showing fewer dollars spent on merger activity in the oil and natural gas industry during the last few months may have gotten buried among the big headlines. The report, from UK-based consultancy Evaluate Energy, showed oil and gas M&A activity in the second quarter totaled just $23.6 billion — lower than any other quarter since Q3 2009. |
Melanie Wold
Reporter
|
January 31, 2013 17:30 UTC
(0)
Last year, upstream M&A activity in the oil sector broke all the records. Wood MacKenzie, in its annual M&A review, said that $232 billion was spent, mainly big companies buying smaller companies in order to expand or diversify their portfolios. Most recently that has included large Russian companies buying out their big partners (TNK-BP), Asian companies invading North America (CNOOC-Nexen, Petronas-Progress, Sinochem-Pioneer), and oil companies sloughing off unwanted assets to others who want them (ConocoPhillips, Hess). |
Stay up to date with the latest commodity posts. Sign up to our commodities Email Bulletin.
© 2020 S&P Global Platts, a division of S&P Global. All rights reserved
