Insight - Big Oil’s next merger mania has an eye on its demise

If things continue at those rates through December, it will be one of the most lacklustre years for energy deal-making in two decades. Hope is on the horizon. Saudi Arabian Oil Co is finally growing close to an equity swap with Reliance Industries Ltd after years of gestation, people with knowledge of the matter told Bloomberg this week.

IS a barren year for oil industry deal activity finally coming to an end?

So far there’s been US$86bil (RM364bil) of takeovers announced, pending or completed, according to data compiled by Bloomberg.