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  1. Deals Analysis
December 23, 2021

Oil & Gas industry cross border deals total $6.7bn globally in November 2021

By Nikitha Ladda

Total oil & gas industry cross border deals worth $6.7bn were announced globally for November 2021, with the $6bn acquisition of Master Builders Solutions Deutschland being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 44.3% over the previous month of $12.02bn and a drop of 24.2% when compared with the last 12-month average of $8.84bn.

In terms of number of cross border deals, the sector saw a drop of 24.24% with 25 deals in November 2021 when compared to the last 12-month average of 33 deals.

In value terms, Europe led the activity with cross border deals worth $6.61bn in November 2021.

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oil & gas industry cross border deals in November 2021: Top deals

The top five cross border deals accounted for 99.5% of the overall value during November 2021.

The combined value of the top five cross border deals stood at $6.67bn, against the overall value of $6.7bn recorded for the month.

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

1) Sika $6bn acquisition deal with Master Builders Solutions Deutschland

2) The $434m acquisition of Equinor Energy Ireland by Vermilion Energy

3) Axens,LetterOne Holdings and M&G Investments $167.71m venture financing deal with Plastic Energy

4) The $39.1m acquisition of 45% stake in Top Speed Energy Holding by Sunshine Paper Clean Energy Investment

5) Firmenich $21.34m acquisition deal of 10% stake in S H Kelkar andLimited

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