North America’s oil & gas industry saw a rise of 14.29% in cross border deal activity in Q1 2021

Led by $1.08bn acquisition of Emerald Kalama Chemical, North America’s oil & gas industry saw a rise of 14.29% in cross border deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.

 

A total of 36 cross border deals worth $3.11bn were announced for the region during Q1 2021, against the last four-quarter average of 31.50 deals.

Of all the deal types, M&A saw most activity in Q1 2021 with 36 deals, representing a 100% share for the region.

In terms of value of cross border deals, M&A was the leading category in North America’s oil & gas industry with $3.11bn.

North America oil & gas industry cross border deals in Q1 2021: Top deals

The top five oil & gas cross border deals accounted for a 97.4% share of the overall value during Q1 2021.

The combined value of the top five cross border deals stood at $3.03bn, against the overall value of $3.11bn recorded for the quarter.

The top five oil & gas industry cross border deals of Q1 2021 tracked by GlobalData were:

1) Lanxess’ $1.08bn acquisition of 100% stake in Emerald Kalama Chemical

2) The $880m asset transaction with Ovintiv by Validus Energy

3) Enerplus’ $465m acquisition of 100% stake in Bruin E&P HoldCo

4) The $367.82m acquisition deal with Mom Holding by KCC

5) Bellinger & Sons, ISK Investment and ThaiLimited’s acquisition of Carolco Enterprises and Columbian Chemicals(Inactive) for $245m.