Mergers and acquisitions in oil and gas remain on track for a record year after UK energy giant BP today took the total value of deals announced in the sector to a combined $11bn (€8.1bn) in the past eight days alone.

BP announced this morning it had reached agreement to acquire oil and gas assets in the Gulf of Mexico, Brazil and Azerbaijan worth $7bn from US peer Devon Energy. No advisers have so far claimed credit for the deal.