In the Australian oil & gas industry, there were 6 M&A deals announced in Q2 2023, worth a total value of $783.9m, according to GlobalData’s Deals Database. The $776.8m acquisition of peregrine by viva energy group was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.

In value terms, M&A activity in Australia decreased by 67% in Q2 2023 compared with the previous quarter’s total of $2.4bn and rose by 167% as compared to Q2 2022. Related deal volume decreased by 50% in Q2 2023 versus the previous quarter and was 67% lower than in Q2 2022.

The top-ranked financial advisors supporting these M&A deals in Australia in Q2 2023 were Goldman Sachs Group; Groupe BPCE; JPMorgan Chase & Co with 1, 1, 1 deals respectively.

The top-ranked legal advisorss supporting these M&A deals in Australia Q2 2023 were Clifford Chance; Gilbert and Tobin; Herbert Smith Freehills with 1, 1, 1 deals respectively.

For further understanding of GlobalData's Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.

This content was updated on 18 July 2023

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.