North America’s oil & gas industry saw a rise of 8.86% in deal activity during March 2021, when compared with the last 12-month average, led by Chevron’s $1.32bn acquisition of Noble Midstream Partners, according to GlobalData’s deals database.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all
  • 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 86 oil & gas industry deals worth $6.46bn were announced for the region in March 2021, against the 12-month average of 79 deals.

Of all the deal types, M&A saw most activity in March 2021 with 64 transactions, representing a 74.4% 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 19 deals, followed by private equity deals with three transactions, respectively capturing a 22.1% and 3.5% 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 $5.22bn, while private equity and venture financing deals totalled $1.1bn and $136.19m, respectively.

North America oil & gas industry deals in March 2021: Top deals

The top five oil & gas deals accounted for 82.8% of the overall value during March 2021.

The combined value of the top five oil & gas deals stood at $5.35bn, against the overall value of $6.46bn recorded for the month.

The top five oil & gas industry deals of March 2021 tracked by GlobalData were:

1) Chevron’s $1.32bn acquisition of Noble Midstream Partners

2) The $1.1bn private equity deal with PQ Group Holdings by Cerberus Capital Management and Koch Minerals & Trading

3) The $1.07bn merger of Secure Energy Services and Tervita

4) The $981m merger of Diamond S Shipping and International Seaways

5) Validus Energy’s asset transaction with Ovintiv for $880m.