• Co-Joined Twins: Consolidation in the Oil and Gas Industry through Mergers and Acquisitions.
  • February 3, 2016 | Author: Oladotun Alokolaro
  • Law Firm: Advocaat Law Practice - Lagos Office
  • The oil price recently fell as low as $46 a barrel having hovered between $50-$60 per barrel since the beginning of the year. It may yet fall further given the crisis rocking China’s capital market or could rebound starting a welcome recovery. The current low prices is putting tremendous strain on the cash flow of all oil companies irrespective of size begging them to ask serious questions of themselves as to their survival in the near and/or long term.