Total oil & gas industry deals for Q4 2019 worth $78.46bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 2.3% over the previous quarter and a drop of 34% when compared with the last four-quarter average of $119.37bn.
In terms of number of deals, the sector saw a drop of 12.4% over the last four-quarter average with 523 deals against the average of 597 deals.
In value terms, North America led the activity with deals worth $43.95bn.
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By GlobalDataOil & gas industry deals in Q4 2019: Top deals
The top five oil & gas deals accounted for 32.9% of the overall value during Q4 2019.
The combined value of the top five oil & gas deals stood at $25.8bn, against the overall value of $78.46bn recorded for the month.
The top five oil & gas industry deals of Q4 2019 tracked by GlobalData were:
1) Hess Midstream Partners’ $6.2bn acquisition of Hess Infrastructure Partners
2) The $5.69bn private equity deal with Tallgrass Energy by Enagas, National Pension Service, The Blackstone Group, GIC and Universities Superannuation Scheme
3) Total’s $5bn asset transaction with Apache
4) The $4.51bn acquisition of Hitachi Chemical by HC Holdings and Showa Denko
5) Apergy’s asset transaction with Ecolab for $4.4bn.
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.
