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The oil and gas industry has been turned upside down by the slide in oil prices.
O'Melveny & Myers LLP added Tony Wang, formerly a Weil, Gotshal & Manges LLP partner, to its Newport Beach, Calif., office as a partner. For other updates launch today's Movers & shakers slideshow.
This year through early June, private equity loan volume was $81.2B, of which M&A activity accounted for $47.8B.
The U.S. M&A market returned with a vengeance last year with the highest activity levels since 2007.
The fusion between the two competitors reflects an austerity drive by oilfield services providers' clients because of a steep slide in oil prices, which has prompted their suppliers to seek mergers. Video
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