Sector News

Lukoil expects more mega-mergers in oil industry amid price rout

April 21, 2015
(Reuters) – Mega-mergers are anticipated in the oil industry between integrated oil companies amid the current oil price rout, according to Vagit Alekperov, the president of Lukoil.
The recent merger between Royal Dutch Shell Plc and BG Group PLC is likely to be the first of many such combinations in the industry, Alekperov said at the CERAWeek conference in Houston. He did not specify which companies he expects to merge or whether Lukoil is eyeing any targets.
(Reporting By Jessica Resnick-Ault; Editing by Chris Reese)

comments closed

Related News

August 23, 2019

The higher purpose of being a CEO

Borderless Leadership

LinkedIn Twitter Xing EmailWhen I left my second large company experience to become President of a small manufacturing company I did so driven by ego; I fancied the title. Soon […]

August 23, 2019

As Brexit nears, Britain’s drugs, devices and pricing regulators seek the exit

Life sciences

LinkedIn Twitter Xing EmailFirm details on exactly how the U.K. will regulate new medicines is still to be decided after it leaves the EU later this year (caveats on timing […]

August 23, 2019

The Simply Good Foods Company acquires Quest Nutrition for $1bn

Consumer Packaged Goods

LinkedIn Twitter Xing EmailThe Simply Good Foods Company, the owner of Atkins-branded food products, has secured a deal to acquire protein snack maker Quest Nutrition for $1 billion. Quest, which […]

How can we help you?

We're easy to reach