North America’s oil & gas industry saw a drop of 3.57% in deal activity during July 2022, when compared with the last 12-month average, led by Shell USA’s $1.96bn acquisition of Shell Midstream Partners, according to GlobalData’s deals database.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

 

A total of 54 oil & gas industry deals worth $5.5bn were announced for the region in July 2022, against the 12-month average of 56 deals.

Of all the deal types, M&A saw most activity in July 2022 with 34 transactions, representing a 63% share for the region.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In second place was venture financing with 15 deals, followed by private equity deals with five transactions, respectively capturing a 27.8% and 9.3% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in North America’s oil & gas industry with $4.97bn, while private equity and venture financing deals totalled $500m and $55.26m, respectively.

North America oil & gas industry deals in July 2022: Top deals

The top five oil & gas deals accounted for 75.5% of the overall value during July 2022.

The combined value of the top five oil & gas deals stood at $4.17bn, against the overall value of $5.5bn recorded for the month.

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

1) Shell USA $1.96bn acquisition deal for 31.5% stake in Shell Midstream Partners

2) The $1.1bn acquisition of 52.3% stake in PBF Logistics by PBF Energy

3) Tenaris $460m acquisition deal with BENTELER Steel/Tube Manufacturing

4) The $339m acquisition of Petroteq Energy by Viston United Swiss

5) VAALCO Energy $307m acquisition deal with TransGlobe Energy