Asia-Pacific’s oil & gas industry saw a drop of 45.45% in deal activity during February 2021, when compared with the last 12-month average, led by Engineers India, Government of Assam and Oil India’s $1.34bn acquisition of Numaligarh Refinery, according to GlobalData’s deals database.
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A total of 24 oil & gas industry deals worth $2.16bn were announced for the region in February 2021, against the 12-month average of 44 deals.
Of all the deal types, M&A saw most activity in February 2021 with 23 transactions, representing a 95.8% share for the region.
In second place was private equity with one deal capturing a 4.2% 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 $2.16bn.
Asia-Pacific oil & gas industry deals in February 2021: Top deals
The top five oil & gas deals accounted for 86.3% of the overall value during February 2021.
The combined value of the top five oil & gas deals stood at $1.86bn, against the overall value of $2.16bn recorded for the month.
The top five oil & gas industry deals of February 2021 tracked by GlobalData were:
1) Engineers India, Government of Assam and Oil India’s $1.34bn acquisition of Numaligarh Refinery
2) The $280m asset transaction deal with Zuari Agro Chemicals by Paradeep Phosphates
3) CSSC Hong Kong Shipping’s $145.6m asset transaction with Navig8 Chemical Tankers
4) The $51.08m asset transaction with Shandong Gaomi Gaoyuan Chemical by Vosges Holding Group
5) NGM Energy’s acquisition of for $50m.