A need for sizable investments to develop and transport new sources of energy is forging the way for an active oil and gas deal market in the United States and around the world, according to a report released Feb. 8 by the Deloitte Center for Energy Solutions.

Roger Ihne, principal, Deloitte Consulting LLP, provided an overall snapshot of how a resurgent North American energy market, buoyed by a plentiful supply of shale oil and gas, is stirring interest in mergers and acquisitions (M&A).

The M&A market has traditionally been driven ...