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Australia sees record volume of upstream M&A deals, despite regulatory turmoil
The Australian market remains a top destination for global investors with a record volume of upstream and LNG merger and acquisition (M&A) deals in 2023, despite the last 12 months having been the most unstable legal and fiscal landscape seen in Australia for over a decade, according to Wood Mackenzie. Angus Rodger, Vice President, SME Upstream APAC & Middle East said, “By October this year, we have seen more than US$7 billion spent on upstream transactions. It is particularly interesting that such a strong vote of confidence in the upstream sector be delivered against a backdrop of the most unstable legal, ... (full story)