Continued M&A Activity in the Sector Amid Strong Demand and Oil Prices Near $80 per Barrel

Some shale oil producers are looking to strike new merger and acquisition (M&A) deals,
even as major oil and gas companies like ExxonMobil and
Chevron take a breather to absorb the intense activity that has led to significant deals.

Content:

Oil
Apple
China

Oil

The merger and acquisition (M&A) activity in this sector will remain strong, possibly even involving more large-scale deals, driven by strong demand and oil prices hovering around $80 per barrel.
The largest oil producers in the United States have rushed into a wave of acquisitions over the past 12 months in response to investor demands to scale back exploration activities and reduce costs, while attempting to maintain their relevance in an industry that is no longer as favored as it once was but remains highly profitable.
They found an opportunity to enhance their production and asset reserves by acquiring smaller competitors.

Apple

Apple allows third parties to use its electronic payment chip for the first time.
It will begin allowing third parties to use the payment chip in its iPhone to conduct financial transactions, a move that will allow banks and other service providers to compete with the Apple Pay platform.
This step, announced last Wednesday, comes after years of pressure from regulatory bodies, including those affiliated with the European Union. Apple said it will allow developers to use this chip starting with the upcoming “iOS 18.1” update for the iPhone operating system.
This chip relies on Near Field Communication (NFC) technology to exchange information when the phone is close to another device.
This change will allow external service providers to use the chip for payments in stores, public transportation costs, work badges, home and hotel keys, and reward cards. Apple will also later add support for government ID cards.
Users will be able to set a third-party payment app as the default payment option instead of Apple Pay.

China

China steps up efforts to boost private investment in infrastructure.
It Central Television, citing a statement from the Economic Planning Agency,
reported that the National Development and Reform Commission (NDRC) will work to present projects to private sector investors,
with a particular focus on major infrastructure in areas such as transportation and energy.

The government will also provide support from the central budget for qualified key private investment projects.
China Central Television reported that the NDRC will collaborate with the Ministry of Natural Resources and the Ministry of Environment to provide support in land and sea use and environmental impact assessment guarantees.
It added that the NDRC will draft financing support policies to boost private investment in cooperation with the National Financial Regulatory Administration.

Chinese Premier Li Qiang emphasized on Friday the importance of effectively utilizing government investments and ensuring the implementation of policies to support private investment.

Continued M&A Activity in the Sector

Continued M&#038;A Activity in the Sector

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Continued M&A Activity in the Sector