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  1. Deals Analysis
June 21, 2021

Oil & Gas industry cross border M&A deals total $1.9bn globally in May 2021

By Nikitha Ladda

Total oil & gas industry cross border M&A deals worth $1.9bn were announced globally in May 2021, led by Petroleos Mexicanos’ $596m acquisition of Deer Park Refining, according to GlobalData’s deals database.

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The value marked an increase of 391.4% over the previous month of $384.62m and a drop of 50.5% when compared with the last 12-month average, which stood at $3.82bn.

Comparing cross border M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $596m. At the country level, the US topped the list in terms of deal value at $596m.

In terms of volumes, Europe emerged as the top region for oil & gas industry cross border M&A deals globally, followed by North America and then South and Central America.

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The top country in terms of cross border M&A deals activity in May 2021 was the US with four deals, followed by the The Netherlands with two and Italy with two.

In 2021, as of May, oil & gas cross border M&A deals worth $12.11bn were announced globally, marking an increase of 64.5% year on year.

oil & gas industry cross border M&A deals in May 2021: Top deals

The top five cross border M&A deals accounted for 99.6% of the overall value during May 2021.

The combined value of the top five oil & gas cross border M&A deals stood at $1.88bn, against the overall value of $1.9bn recorded for the month.

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

1) Petroleos Mexicanos’ $596m acquisition of Deer Park Refining

2) The $442m acquisition of StormGeo by Alfa Laval

3) Arroyo Energy Investment Partners’ $422.5m acquisition of Gasmar

4) The $364m acquisition of Republic Of Mozambique Pipeline InvestmentsPty Ltd by African Infrastructure Investment Managers and Reatile Group

5) Element Solutions’ acquisition of H.K. Wentworth for $60m.

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