Total oil & gas industry cross border M&A deals worth $2.8bn were announced globally in August 2022, led by Trelleborg’s $950m acquisition of Minnesota Rubber & Plastics Corporate, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

The value marked an increase of 51.1% over the previous month of $1.86bn and a drop of 16.4% when compared with the last 12-month average, which stood at $3.36bn.

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 $1.25bn. At the country level, the US topped the list in terms of deal value at $1.25bn.

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 North America.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The top country in terms of cross border M&A deals activity in August 2022 was the US with four deals, followed by the UK with two and Singapore with two.

In 2022, as of August, oil & gas cross border M&A deals worth $15.8bn were announced globally, marking an increase of 66.6% year on year.

oil & gas industry cross border M&A deals in August 2022: Top deals

The top five cross border M&A deals accounted for 91.2% of the overall value during August 2022.

The combined value of the top five oil & gas cross border M&A deals stood at $2.57bn, against the overall value of $2.8bn recorded for the month.

The top five oil & gas industry cross border M&A deals of August 2022 tracked by GlobalData were:

1) Trelleborg’s $950m acquisition deal with Minnesota Rubber & Plastics Corporate

2) The $558.07m acquisition of 25% stake in Sol Investments SEZC by Parkland

3) Caspi Oil Gas’s $427.7m acquisition deal with Liberty Resources Acquisition

4) The $330m acquisition of Mitsui Phenols Singapore by Ineos

5) Cenovus Energy’s $300m acquisition deal for 50% stake in BP-Husky Refining