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.
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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.
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
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.