Deals
Investors Have $100 Billion to Spend on Oil Assets No One Else Wants
- Buyout firms target soured loans with eye on taking ownership
- Drillers unload assets to stay afloat as cash crunch deepens
Global Oil Markets Will Continue to Re-Balance This Year
This article is for subscribers only.
The long wait may finally be over.
Since the great crash of oil in mid-2014, more than $100 billion has been raised by buyout firms and distressed-debt funds eager to scoop up energy assets on the cheap. But as the months rolled by, few opportunities cropped up as cash-starved drillers limped along with the help of their bankers.