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  1. Deals Analysis
April 24, 2020

Middle East and Africa’s oil & gas industry sees a flat growth in deal activity in Q1 2020

By Carmen

Middle East and Africa’s oil & gas industry saw a flat growth in overall deal activity during Q1 2020, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 37 deals worth $2.17bn were announced for the region during Q1 2020, against the last four-quarter average of 37 deals.

Of all the deal types, M&A saw most activity in Q1 2020 with 36, representing a 97.3% share for the region.

In second place was venture financing with one deals, followed by deals with transactions, respectively capturing a 2.7% and % share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in Middle East and Africa’s oil & gas industry with $2.17bn, followed by venture financing deals totalled $0.11m.

Middle East and Africa oil & gas industry deals in Q1 2020: Top deals

The top five oil & gas deals accounted for 67.1% of the overall value during Q1 2020.

The combined value of the top five oil & gas deals stood at $1.46bn, against the overall value of $2.17bn recorded for the quarter.

The top five oil & gas industry deals of Q1 2020 tracked by GlobalData were:

1) Qatar Petroleum’s $1bn acquisition of Qatar Fertiliser

2) The $168.15m acquisition of Oxygen & Argon Works by Air Products and Chemicals

3) PetroRio’s $140m asset transaction with

4) The $75m asset transaction with The Hartmann Group by StealthGas

5) StealthGas’ asset transaction with Paul Hartmann for $75m.

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.

 

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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