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  1. Deals Analysis
February 17, 2021

Oil & Gas industry cross border deals total $7.1bn globally in January 2021

By Baghmar P

Total oil & gas industry cross border deals worth $7.1bn were announced globally for January 2021, with the $3.1bn acquisition of Hygo Energy Transition being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 57.2% over the previous month of $16.57bn and a rise of 2.3% when compared with the last 12-month average of $6.94bn.

In terms of number of cross border deals, the sector saw a drop of 31.88% with 47 deals in January 2021 when compared to the last 12-month average of 69 deals.

In value terms, South and Central America led the activity with cross border deals worth $5.07bn in January 2021.

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Oil & Gas industry cross border deals in January 2021: Top deals

The top five cross border deals accounted for 86.7% of the overall value during January 2021.

The combined value of the top five cross border deals stood at $6.15bn, against the overall value of $7.1bn recorded for the month.

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

1) New Fortress Energy’s $3.1bn acquisition of Hygo Energy Transition

2) The $1.9bn acquisition of Golar LNG Partners by New Fortress Energy

3) Enerplus’ $465m acquisition of Bruin E&P HoldCo

4) The $367.82m acquisition deal of Mom Holding by KCC

5) TMS Cardiff Gas’ asset transaction deal with MatlinPatterson Global Advisers for $320m.

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