A Wood Mackenzie's analysis revealed a huge inventory of assests on the global oil and gas market with 340 potential deals worth over $300 billion. According to the latest report by Wood Mackenzie, there are opportunities for the financially strong, as evidenced by Shell's $82 billion offer for the acquistion of BG.
The report also noted that rapid and aggressive response by oil and gas companies to low oil prices has stabilised the sector with the price required for companies to be cash flow neutral in 2015 dropping by over $20 per barrell to $72 per barrell.
According to a new market research report of " Industrial Automation Market for Oil & Gas (2013-2020), the overall Global oil & gas automation & instrumentation market is segmented into three major segments; namely technologies, operation, and geography. All the major segments are further segmented into sub segments. All segments and sub segments are separately classified in the report. The global process automation & instrumentation market in the oil & gas industry is expected to reach up to $31.24 billion by 2020, at an estimated CAGR of 8.23% from 2013 to 2020.