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  1. Deals Analysis
March 21, 2021updated 24 Mar 2021 3:22pm

Asia-Pacific’s oil & gas industry saw a drop of 45.45% in deal activity during February 2021

By Carmen

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.

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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