Total oil & gas industry cross border deals worth $1.2bn were announced globally for February 2022, with the $620m acquisition of OCTAL HoldingSAOC being the sector’s biggest investment, 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.

The value marked a decrease of 44.5% over the previous month of $2.09bn and a drop of 88.1% when compared with the last 12-month average of $9.77bn.

In terms of number of cross border deals, the sector saw a drop of 40.00% with 21 deals in February 2022 when compared to the last 12-month average of 35 deals.

In value terms, Middle East and Africa led the activity with cross border deals worth $623.8m in February 2022.

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.

oil & gas industry cross border deals in February 2022: Top deals

The top five cross border deals accounted for 97.4% of the overall value during February 2022.

The combined value of the top five cross border deals stood at $1.13bn, against the overall value of $1.2bn recorded for the month.

The top five oil & gas industry cross border deals of February 2022 tracked by GlobalData were:

1) Alpek SAB de CV $620m acquisition deal with OCTAL HoldingSAOC

2) The $150m private equity of Draslovka Holding by Oaktree Capital Management

3) Saudi Basic Industries $130m acquisition deal for 50% stake in Scientific DesignInc

4) The $116.12m acquisition of LLC BaltTransServis by Globaltrans Investment

5) Aramco OverseasBV $113.2m acquisition deal for 7.4% stake in Cognite