News 2014
January, 2014World Market
According to estimates by Derrick Petroleum Services, oil and gas assets totalling more than USD135 bln were put up for sale in the third quarter of 2013, and by the mid-December they fell slightly to USD126 bln, - the Rusenergy informs with reference to The Financial Times.
The share of the USA assets has increased on the market from 24% in 2012 to 28% in 2013. Sale of assets increased in the recent years amid the tendency in many major companies to get rid of the non-core assets. It is expected that many large companies in industry will continue reduction of the asset portfolios by selling off the non-core businesses in next several years.
Thus, in October, the BP has unveiled its plans for alienation of more business units on amount of USD10 bln before the end of 2015, while during the past three years the Group has already sold assets to the amount of USD38 bln. Analysts expect that Mr Ben van Beurden, a new head of the Royal Dutch/Shell, will more actively dispose the non-core businesses than its predecessor.