Receive our newsletter – data, insights and analysis delivered to you
  1. Deals Analysis
January 5, 2021

Oil & Gas industry cross border deals total $679.24m globally in November 2020

By admin-demo

Total oil & gas industry cross border deals worth $679.24m were announced globally for November 2020, with Recticel’s $298.21m acquisition of FoamPartner Switzerland 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 a decrease of 89.3% over the previous month of $6.34bn and a drop of 90.8% when compared with the last 12-month average of $7.37bn.

In terms of number of cross border deals, the sector saw a drop of 45.21% over the last 12-month average with 40 deals against the average of 73 deals.

In value terms, Europe led the activity with cross border deals worth $355.77m in November 2020.

Content from our partners
Green investment: What gives Scotland multiple advantages
How the North of Tyne region is leveraging its legacy to define its future

oil & gas industry cross border deals in November 2020: Top deals

The top five cross border deals accounted for 74.8% of the overall value during November 2020.

The combined value of the top five cross border deals stood at $508.29m, against the overall value of $679.24m recorded for the month.

The top five oil & gas industry cross border deals of November 2020 tracked by GlobalData were:

1) Recticel’s $298.21m acquisition of FoamPartner Switzerland

2) The $71m asset transaction with TRF Ship Management by Delta Tankers

3) Freehold Royalties’ $58m acquisition of Oil And Gas Assets in US

4) The $45.2m asset transaction deal of Xihe Group of Companies by Pantheon Tankers Management

5) Tokyo Gas Asia’s acquisition deal with PT Energy Mina Abadi for $35.88m.

Related Companies

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU