Global upstream M&A plunges 34% in first half of 2025

Global upstream merger and acquisition (M&A) activity saw a significant decline in the first half of 2025, reaching just over $80 billion—a 34% drop compared to the same period in 2024, according to Rystad Energy.  “The slowdown is due mainly to volatile oil prices, tariff uncertainties, higher OPEC+ production and fewer oil-focused deals in the […]