Total oil & gas industry cross border deals worth $19.3bn were announced globally for November 2022, with the $11.9bn acquisition of Origin Energy being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 215.9% over the previous month of $6.1bn and a rise of 50.9% when compared with the last 12-month average of $12.77bn.

In terms of number of cross border deals, the sector saw a drop of 28.87% with 69 deals in November 2022 when compared to the last 12-month average of 97 deals.

In value terms, Asia-Pacific led the activity with cross border deals worth $12.33bn in November 2022.

Oil & Gas industry cross border deals in November 2022: Top deals

The top five cross border deals accounted for 90.9% of the overall value during November 2022.

The combined value of the top five cross border deals stood at $17.52bn, against the overall value of $19.3bn recorded for the month.

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

1) Brookfield Renewable Partners and MidOcean Energy’s $11.9bn acquisition deal with Origin Energy

2) The $4.4bn acquisition of Howden Group by Chart Industries

3) Cool’s $660m asset transaction deal with Quantum Crude Tankers

4) The $330m acquisition of Total E&P Dunga by Oriental Sunrise

5) National Shippingof Saudi Arabia’s $224m asset transaction deal for Elandra Elbrus And Elandra Denali Oil Tanker