Oil & Gas industry cross border M&A deals total $2.8bn globally in August 2022

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.

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.

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