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Press release
Oil & Gas

$150 billion in global upstream opportunities ahead as shale consolidation slows down

Upstream merger and acquisition (M&A) activity is expected to slow significantly in 2025 following two years of record-high transactions driven by US shale mergers. The global deal pipeline value stands at approximately $150 billion as much of the sector’s consolidation has run its course, making a return to recent peaks unlikely. Furthermore, geop...

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