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  1. Deals Analysis
May 23, 2021

Asia-Pacific’s oil & gas industry saw a drop of 22.73% in deal activity during April 2021

By Carmen

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.

In 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.

Related Companies

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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