Total Oil & gas industry M&A deals worth $6.1bn were announced globally in May 2022, led by Petronas Chemicals Group’s $2.39bn acquisition of Perstorp Holding, according to GlobalData’s deals database.
Go deeper with GlobalData
- Embed this chart
Embed this chart into your website
Copy and paste the image source into your website to display the chart.
The value marked an increase of 55.2% over the previous month of $3.93bn and a drop of 51.5% when compared with the last 12-month average, which stood at $12.57bn.
Comparing M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $2.78bn. At the country level, the Sweden topped the list in terms of deal value at $2.39bn.
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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe top country in terms of M&A deals activity in May 2022 was the US with 24 deals, followed by the UK with seven and Canada with six.
In 2022, as of May, Oil & gas M&A deals worth $33.87bn were announced globally, marking an increase of 44.4% year on year.
Oil & gas industry M&A deals in May 2022: Top deals
The top five M&A deals accounted for 77.1% of the overall value during May 2022.
The combined value of the top five Oil & gas M&A deals stood at $4.7bn, against the overall value of $6.1bn recorded for the month.
The top five Oil & gas industry M&A deals of May 2022 tracked by GlobalData were:
1) Petronas Chemicals Group $2.39bn acquisition deal with Perstorp Holding
2) The $800m acquisition of Cook Inlet Natural Gas Storage Alaska,ENSTAR Natural Gas and Norstar PipelineInc by TriSummit Utilities
3) Crestwood Midstream Partners $600m acquisition deal with Sendero Midstream Partners
4) The $513.42m acquisition of 54.3% stake in Hoegh LNG Partners by Hoegh LNG Holdings
5) Crestwood Equity Partners $395m acquisition deal with for 50% stake in Crestwood Permian Basin Holdings
