Who will benefit from Asia's dash for oil and gas?

ASIA

Will Riley, co-manager of the Guinness Global Energy fund, examines the impact of increased M&A by Asian oil and gas companies.

In July it was announced the Chinese national oil company, CNOOC, had entered into a $15.1bn agreement to acquire Canadian oil and gas producer, Nexen. The deal remains subject to regulatory approval, but should it be completed, represents a step change in the size of transaction that Asian oil and gas companies are targeting. With the number and range of energy deals rising rapidly, we take this opportunity to explore the landscape for future M&A activity by Asian oil and gas companies and consider who will be the likely beneficiaries. Acquisitions accelerating The 2008/09 financia...