Poll: mergers and acquisitions expected in oilfield services sector

An Ernst & Young poll of 50 leading industry executives and private equity practitioners found that “84 percent of those polled said they thought mergers and acquisitions would increase” in the oilfield services sector and none expected a decrease, Upstream reports. The reason given for this expectation is that several pressures “requiring companies to remain nimble and proactive in anticipating and adapting to the changing environment” exist in order to minimize risk and maximize earning potential, the article said. Four out of five polled said that North American companies would lead all regions in activity.