Photo: A Chevron worker; Source: Chevron

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Will Chevron’s Noble Energy swoop trigger a wave of M&A deals in oil & gas sector?

A double whammy of the coronavirus pandemic and the oil price war from earlier this year has shaken the oil industry to the core changing its landscape for years to come.

In the aftermath of the oil price crisis, the second one in less than six years, and with the coronavirus pandemic showing no signs of slowing down, one must wonder about the direction of the upstream merger and acquisition (M&A) deals in the short and medium-term.

What will happen next in the upstream M&A and what direction will it take? Is now the time to go on the first buying spree after the COVID-19 outbreak and get the high-value goods at a bargain price?

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