Offshore law firm Appleby has published its latest Energy & Natural Resources report, which provides merger and acquisition insight and deal intelligence on the sector’s offshore activity in 2018.
The report reveals that in total $22bn was spent on offshore energy and natural resources companies in 2018, with the 10 largest deals in the sector collectively worth $15.6bn.
There were strong showings from companies incorporated across the region, notably Jersey, Hong Kong and the Isle of Man.
Mining continues to make headlines, with companies prepared to pay considerable sums for the right fit for their ambitions. With an eye to the future, strategic purchases and investments into sources of renewable and alternative energy supplies also feature.
Meanwhile, the deepwater drilling industry is still undergoing an industry shakedown, with new contractual terms and technology developments leading to mergers and capital raising.
• To read the latest Energy & Natural Resources report click here