Royal Dutch Shell PLC's $5.5 billion acquisition of Canada-based Duvernay Oil Corp., declared in July, was completed in 40 days.
M&A
Mergers are getting done faster as volatility grows
Statoil chief says mergers likely as industry faces turbulence
The oil industry faces several years of turbulence that could trigger a new wave of consolidation, according to Helge Lund, chief executive of Norway's national oil company StatoilHydro.
Fair weather for oil industry mergers as project costs soar
Oil and gas chief executives, a conservative lot, have shied away from using high energy prices to justify big deals. The collapse of the markets could spur them into action.