High Oil Prices Set to Trigger New Wave of North Sea Mergers

High oil and gas prices are going to drive further consolidation in the UK sector of the North, according to analysts, who also said tax considerations would play a role in stimulating M&A appetite in the region. The expectations come from a Reuters poll among analysts and bankers, who said the oil and gas price inflation driven by the war in the Middle East has made mergers and acquisitions in the space more tempting—even in the UK’s North Sea, where the energy industry has been targeted by half a dozen successive UK governments…