Taxes and High Oil Prices are Set to Spur More UK Energy Deals
Tax advantages and high energy prices will drive further consolidation in Britain's North Sea oil and gas fields after a flurry of deals this year, 11 industry analysts and bankers said. A rise in oil and gas prices to multiyear highs caused by disruption linked to the US-Israeli war with Iran has generated huge amounts of cash for the industry, which has been reporting results this week.
