Total oil & gas industry cross border M&A deals worth $19bn were announced globally in November 2022, led by Brookfield Renewable Partners and MidOcean Energy’s $11.9bn acquisition of Origin Energy, according to GlobalData’s deals database.
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The value marked an increase of 599.3% over the previous month of $2.71bn and a rise of 90.6% when compared with the last 12-month average, which stood at $9.94bn.
Comparing cross border M&A deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $12.29bn. At the country level, the Australia topped the list in terms of deal value at $11.9bn.
In terms of volumes, Europe emerged as the top region for oil & gas industry cross border M&A deals globally, followed by Asia-Pacific and then Middle East and Africa.
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The top country in terms of cross border M&A deals activity in November 2022 was Marshall Islands with eight deals, followed by the Liberia with seven and the UK with six.
In 2022, as of November, oil & gas cross border M&A deals worth $102.48bn were announced globally, marking an increase of 0.2% year on year.
oil & gas industry cross border M&A deals in November 2022: Top deals
The top five cross border M&A deals accounted for 92.4% of the overall value during November 2022.
The combined value of the top five oil & gas cross border M&A deals stood at $17.52bn, against the overall value of $19bn recorded for the month.
The top five oil & gas industry cross border M&A deals of November 2022 tracked by GlobalData were:
1) Brookfield Renewable Partners and MidOcean Energy’s $11.9bn acquisition deal with Origin Energy
2) The $4.4bn acquisition of Howden Group by Chart Industries
3) Cool’s $660m asset transaction deal with Quantum Crude Tankers
4) The $330m acquisition of Total E&P Dunga by Oriental Sunrise
5) National Shippingof Saudi Arabia’s $224m asset transaction deal for Elandra Elbrus And Elandra Denali Oil Tanker