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  1. Deals Analysis
June 21, 2021

Oil & Gas industry cross border deals total $1.9bn globally in May 2021

By Carmen

Total oil & gas industry cross border deals worth $1.9bn were announced globally for May 2021, with the $596m acquisition of Deer Park Refining being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 85.6% over the previous month of $13.22bn and a drop of 71.6% when compared with the last 12-month average of $6.7bn.

In terms of number of cross border deals, the sector saw a drop of 3.85% with 25 deals in May 2021 when compared to the last 12-month average of 26 deals.

In value terms, North America led the activity with cross border deals worth $596m in May 2021.

Oil & Gas industry cross border deals in May 2021: Top deals

The top five cross border deals accounted for 99.1% of the overall value during May 2021.

The combined value of the top five cross border deals stood at $1.88bn, against the overall value of $1.9bn recorded for the month.

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

1) Petroleos Mexicanos’ $596m acquisition of Deer Park Refining

2) The $442m acquisition of StormGeo by Alfa Laval

3) Arroyo Energy Investment Partners ‘ $422.5m acquisition of Gasmar

4) The $364m acquisition deal of Republic Of Mozambique Pipeline InvestmentsPty Ltd by African Infrastructure Investment Managers and Reatile Group

5) Element Solutions’ acquisition deal with H.K. Wentworth for $60m.

Related Companies

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.

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