Asia-Pacific’s oil & gas industry saw a drop of 22.73% in deal activity during April 2021, when compared with the last 12-month average, led by Trafigura’s $600m acquisition of Puma Energy Holdings, according to GlobalData’s deals database.
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A total of 34 oil & gas industry deals worth $1.3bn were announced for the region in April 2021, against the 12-month average of 44 deals.
Of all the deal types, M&A saw most activity in April 2021 with 32 transactions, representing a 94.1% share for the region.
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By GlobalDataIn second place was venture financing with two deals capturing a 5.9% share of the overall deal activity for the month.
In terms of value of deals, M&A was the leading category in Asia-Pacific’s oil & gas industry with $1.27bn.
Asia-Pacific oil & gas industry deals in April 2021: Top deals
The top five oil & gas deals accounted for 66.3% of the overall value during April 2021.
The combined value of the top five oil & gas deals stood at $842.22m, against the overall value of $1.3bn recorded for the month.
The top five oil & gas industry deals of April 2021 tracked by GlobalData were:
1) Trafigura’s $600m acquisition of 31.78% stake in Puma Energy Holdings
2) The $140m acquisition deal with EOG Resources China by Roc Oil Holdings (Cayman Islands)
3) Empire Energy Group’s $42.22m acquisition of Pangaea Resources
4) The $30m asset transaction with Overseas Shipholding Group by Eastern Pacific Shipping
5) Trafigura Group’s acquisition of Nord Larkspur Tanker for $30m.
