Asia-Pacific’s oil & gas industry saw a rise of 20.00% in deal activity during June 2022, when compared with the last 12-month average, led by Baring Private Equity Asia V Holding (1)’s $1.01bn acquisition of PI Advanced Materials, according to GlobalData’s deals database.

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A total of 30 oil & gas industry deals worth $1.6bn were announced for the region in June 2022, against the 12-month average of 25 deals.

Of all the deal types, M&A saw most activity in June 2022 with 27 transactions, representing a 90% share for the region.

In second place was venture financing with two deals, followed by private equity deals with one transactions, respectively capturing a 6.7% and 3.3% share of the overall deal activity for the month.

In terms of value of deals, private equity was the leading category in Asia-Pacific’s oil & gas industry with $1.01bn, while M&A and venture financing deals totalled $586.21m and $7.42m, respectively.

Asia-Pacific oil & gas industry deals in June 2022: Top deals

The top five oil & gas deals accounted for 96.5% of the overall value during June 2022.

The combined value of the top five oil & gas deals stood at $1.55bn, against the overall value of $1.6bn recorded for the month.

The top five oil & gas industry deals of June 2022 tracked by GlobalData were:

1) Baring Private Equity Asia V Holding (1) $1.01bn private equity deal for 54.1% stake in PI Advanced Materials

2) The $194.78m acquisition of CNOOC Orient Petrochemical by China BlueChemical

3) Liaohe Petroleum Exploration Bureau $191.58m acquisition deal with Liaohe Oilfield (Panjin) Gas Storage

4) The $97.64m acquisition of Shandong Haihua Chlor Alkali Resin by Shandong Haihua

5) Zhejiang Zhongxin Fluoride Materials $53.32m acquisition deal for 51% stake with Jiangxi Aikesheng Chemical Materials