Total oil & gas industry cross border M&A deals worth $2.7bn were announced globally in October 2022, led by Seapeak’s $512.99m acquisition of Evergas, according to GlobalData’s deals database.
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The value marked a decrease of 82.7% over the previous month of $15.46bn and a drop of 74.3% when compared with the last 12-month average, which stood at $10.37bn.
Comparing cross border M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $1.01bn. At the country level, the Denmark topped the list in terms of deal value at $539.49m.
In terms of volumes, Asia-Pacific emerged as the top region for oil & gas industry cross border M&A deals globally, followed by Europe and then Middle East and Africa.
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The top country in terms of cross border M&A deals activity in October 2022 was Marshall Islands with 11 deals, followed by the Liberia with eight and Panama with five.
In 2022, as of October, oil & gas cross border M&A deals worth $83.4bn were announced globally, marking an increase of 6% year on year.
oil & gas industry cross border M&A deals in October 2022: Top deals
The top five cross border M&A deals accounted for 41.6% of the overall value during October 2022.
The combined value of the top five oil & gas cross border M&A deals stood at $1.11bn, against the overall value of $2.7bn recorded for the month.
The top five oil & gas industry cross border M&A deals of October 2022 tracked by GlobalData were:
1) Seapeak’s $512.99m acquisition deal with Evergas
2) The $185m asset transaction of Sentek Marine & Trading by HMM
3) Lomar Shipping’s $160m acquisition deal with Carl Buttner GmbHKG
4) The $142m acquisition of Sea Puma And Sea Tiger Oil Tankers by Navig8 Group
5) Torm’s $112m asset transaction deal with Four Tankers