In the British oil & gas industry, there were 15 M&A deals announced in Q4 2023, worth a total value of $49m, according to GlobalData’s Deals Database. The $20.3m acquisition of Jersey Oil and Gas by Serica Energy was the industry’s largest disclosed deal. GlobalData’s Oil and Gas Industry Mergers and Acquisitions Deals report for 2023 uncovers key trends behind the oil & gas market M&A deals and helps gain a comprehensive understanding of the disruptive themes driving most notable to deals. Buy the report here.

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In value terms, M&A activity in the UK decreased by 94% in Q4 2023 compared with the previous quarter’s total of $819.4m and fell by 99% as compared to Q4 2022. Related deal volume decreased by 21% in Q4 2023 versus the previous quarter and was 48% lower than in Q4 2022.

The top-ranked financial advisors supporting these M&A deals in the UK in Q4 2023 were Rothschild & Co; Stifel Financial; Houlihan Lokey with 4, 4, 3 deals respectively.

The top-ranked legal advisorss supporting these M&A deals in the UK Q4 2023 were Addleshaw Goddard; CMS Legal Services EEIG; Ashurst with 5, 3, 2 deals respectively.

For further understanding of GlobalData's Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes in 2023 – Thematic Intelligence, buy the report here.

This content was updated on 8 January 2024

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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.