WHAT'S THE NEXT MAJOR DEAL TO CLOSE IN THE OIL PATCH?

Now that Schlumberger has agreed to buy Cameron International in a deal worth about $15 billion, what deals could come next in the oil sector? 

Alix Steel of Bloomberg’s "What'd You Miss?" got the input of two energy experts, Vincent Piazza and Andrew Cosgrove from Bloomberg Intelligence.

Alix first asked if the Schlumberger deal will spark some deal making in the sector.

"We think it will, eventually," Cosgrove said. Schlumberger's purchase, he said, was hardly unexpected. The company has acquired joint venture partners in the past. And Cosgrove says, "as Halliburton and Baker Hughes divest their assets, buyers are going to come in." A period of stress for oil services companies will follow, then investors can buy up assets on the cheap. But first we need a "digestion process," Cosgrove said.

So does this spread to U.S. oil and E&P (Exploration and Production) mergers?

Piazza thinks that in 2016, credit standards will tighten, and more assets will be sold. But he says some larger integrated names may be hesitant to make a huge deal.

source: Bloomberg