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

11 May 2021 (Last Updated May 11th, 2021 18:47)

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.

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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.

Verdict deals analysis methodology

This analysis considers only announced and completed cross border 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.