Total Oil & gas industry cross border M&A deals worth $2.8bn were announced globally in May 2022, led by Petronas Chemicals Group ’s $2.39bn acquisition of Perstorp Holding , according to GlobalData’s deals database.
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The value marked an increase of 1614.01% over the previous month of $163.36m and a drop of 37.1% when compared with the last 12-month average, which stood at $4.45bn.
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 $2.43bn. At the country level, the Sweden topped the list in terms of deal value at $2.39bn.
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 2022 was the UK with five deals, followed by the US with five and The Netherlands with two.
In 2022, as of May, Oil & gas cross border M&A deals worth $9.69bn were announced globally, marking an increase of 59.6% year on year.
Oil & gas industry cross border M&A deals in May 2022: Top deals
The top five cross border M&A deals accounted for 99.6% of the overall value during May 2022.
The combined value of the top five Oil & gas cross border M&A deals stood at $2.79bn, against the overall value of $2.8bn recorded for the month.
The top five Oil & gas industry cross border M&A deals of May 2022 tracked by GlobalData were:
1) Petronas Chemicals Group $2.39bn acquisition deal with Perstorp Holding
3) Altura Energy $26.77m acquisition deal with SDX Energy
4) The $15.5m acquisition of Mineral And ORRI In Oil And Gas Acreage by Freehold Royalties
5) Standard Drilling $10m acquisition of 25% stake in Dolphin Drilling