Total oil & gas industry cross border deals worth $16.34bn were announced globally for December 2020, with the $6.24bn acquisition of PetroChina Beijing Gas Pipeline and PetroChina Dalian LNG being the sector’s biggest investment, according to GlobalData’s deals database.
- 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 2305.6% over the previous month of $679.24m and a rise of 126.9% when compared with the last 12-month average of $7.2bn.
In terms of number of cross border deals, the sector saw a drop of 25.00% with 54 deals in December 2020 when compared to the last 12-month average of 72 deals.
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.
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 GlobalDataIn value terms, Asia-Pacific led the activity with cross border deals worth $6.83bn in December 2020.
Oil & Gas industry cross border deals in December 2020: Top deals
The top five cross border deals accounted for 79.9% of the overall value during December 2020.
The combined value of the top five cross border deals stood at $13.06bn, against the overall value of $16.34bn recorded for the month.
The top five oil & gas industry cross border deals of December 2020 tracked by GlobalData were:
1) China Oil & Gas Pipeline Network’s $6.24bn acquisition of PetroChina Beijing Gas Pipeline and PetroChina Dalian LNG
2) The $3.19bn acquisition of TC Pipelines by TC Energy
3) PPG Industries’ $1.52bn acquisition of Tikkurila
4) The $1.36bn asset transaction deal of Arkema by Trinseo
5) EG Group’s asset transaction deal with OMV for $745.66m.