Total oil & gas industry cross border deals worth $10.9bn were announced globally for February 2021, with the $4.67bn private equity deal with Lonza being the sector’s biggest investment, according to GlobalData’s deals database.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
- 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 an increase of 52.02% over the previous month of $7.17bn and a rise of 36.6% when compared with the last 12-month average of $7.98bn.
In terms of number of cross border deals, the sector saw a drop of 25.37% with 50 deals in February 2021 when compared to the last 12-month average of 67 deals.
In value terms, Europe led the activity with cross border deals worth $6.47bn in February 2021.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataOil & Gas industry cross border deals in February 2021: Top deals
The top five cross border deals accounted for 90.7% of the overall value during February 2021.
The combined value of the top five cross border deals stood at $9.88bn, against the overall value of $10.9bn recorded for the month.
The top five oil & gas industry cross border deals of February 2021 tracked by GlobalData were:
1) Bain Capital Private Equity and Cinven’s $4.67bn private equity deal with Lonza
2) The $2.59bn asset transaction with BP Exploration (Epsilon) by PTTEP Mena
3) NEO Energy’s $1.3bn asset transaction with Exxon Mobil
4) The $1.08bn acquisition deal of Emerald Kalama Chemical by Lanxess
5) BlackRock Global Energy & Power Infrastructure Funds’ private equity deal with GasLog for $249m.
