Tuesday 26 May 2020

Global oil & gas M&A deals in Sept top $16.8bn

LONDON, November 7, 2019

Total oil & gas industry M&A (merger and acquisition) deals in September 2019 worth $16.81 billion were announced globally, according to the deals database of GlobalData, a leading a data analytics and consulting company.

The value marked a decrease of 51.9 per cent over the previous month and a drop of 52.7 per cent when compared with the last 12-month average, which stood at $35.49 billion.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $9.57 billion. At the country level, the US topped the list in terms of deal value at $9.42 billion.

In terms of volumes, North America emerged as the top region for oil & gas industry M&A deals globally, followed by Europe and then Asia-Pacific.

The top country in terms of M&A deals activity in September 2019 was the US with 34 deals, followed by the UK with 12 and Australia with seven.

In 2019, as of the end of September 2019, oil & gas M&A deals worth $319.18 billion were announced globally, marking a decrease of 13.8 per cent year on year.

The top five oil & gas industry M&A deals accounted for 77.03 per cent of the overall value during September 2019.

The combined value of the top five oil & gas M&A deals stood at $12.95 billion, against the overall value of $16.81 billion recorded for the month.

The top five oil & gas industry deals of September 2019 tracked by GlobalData were:

•    Energy Transfer’s $5.1 billion acquisition of SemGroup
•    The $4.5 billion asset transaction with Exxon Mobil by Var Energi
•    Nextera Energy Partners’ $1.37 billion acquisition of Meade Pipeline Co
•    The $1.05 billion asset transaction with SK Innovation by Pluspetrol
•    Spur Energy Partners’ asset transaction with Concho Resources for $925 million. – TradeArabia News Service


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