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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 Carmen

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.

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.

Related Companies

Verdict deals analysis methodology

This analysis considers only announced and completed cross border deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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