Private equity firms are gearing up to invest in the oil and gas sector, according to a survey by Ernst & Young , as they sense an opportunity after low crude prices eroded the industries' profitability. The survey shows 25% will be invested in the first half of 2017 , 45% in the next six months and 5% in the first half of 2017 . It also reveals that, globally, private equity firms have nearly $1tn sitting on the sidelines waiting for an opportunity to scoop up companies in the energy sector.
Private equity firms are gearing up to invest in the oil and gas sector, according to a survey by Ernst & Young, as they sense an opportunity after low crude prices eroded the industries' profitability. The survey shows 5% will be invested in the next three months, 25% in the next six months and 45% in the first half of 2017. It also reveals that, globally, private equity firms have nearly $1tn sitting on the sidelines waiting for an opportunity to scoop up companies in the energy sector.