WoodMac: Are MidEast, Asia NOCs Poised For M&A Resurgence? / Latest / By mark International M&A spend by national oil companies (NOCs) has dwindled from nearly 50% to less than 5% today. But Wood Mackenzie researchers see NOCs playing a larger role in international M&A in the future. Share this: Click to share on Facebook (Opens in new window) Facebook Click to share on X (Opens in new window) X Related