Monday 28 September 2020

MEA ranks top in oil & gas M&A deals at $11bn in Q2

LONDON, August 5, 2020

The Middle East and Africa region held the top position globally in announced merger & acquisition (M&A) deals with a total worth of $11.29 billion during the second quarter (Q2) of the year, said GlobalData, a data analytics and consulting company.

At the country level, the United Arab Emirates topped the list in terms of deal value at $10.12 billion.

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

The top country in terms of M&A deals activity in Q2 2020 was the US with 83 deals, followed by China with 33 and Canada with 21.

Globally, M&A deals worth $23.95 billion were announced in the industry during the second quarter of the year. The value marked an increase of 114.2% over the previous quarter and a drop of 68.8% when compared with the last four-quarter average, which stood at $76.8 billion.

In 2020, as of the end of Q2 2020, oil & gas M&A deals worth $50.83 billion were announced globally, marking a decrease of 79% year on year.

Oil & gas industry M&A deals in Q2 2020: Top deals

The top five oil & gas industry M&A deals accounted for 69.4% of the overall value during Q2 2020.

The combined value of the top five oil & gas M&A deals stood at $16.62 billion, against the overall value of $23.95 billion recorded for the month.

The top five oil & gas industry deals of Q2 2020 tracked by GlobalData were:

•    Brookfield Asset Management, GIC, Global Infrastructure Management, NH Investment & Securities, Ontario Teachers’ Pension Plan and Snam’s $10.1 billion acquisition of ADNOC Gas Pipeline Assets
•    The $5 billion asset transaction with BP by Ineos Group
•    Total’s $575 million asset transaction with Tullow Uganda and Tullow Uganda Operations
•    The $541 million asset transaction with Royal Dutch Shell by National Fuel Gas
•    TPG Sixth Street Partners’ acquisition of Antero Resources for $402 million. – TradeArabia News Service


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