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  1. Deals Analysis
May 20, 2021

Oil & Gas industry cross border M&A deals total $2.9bn globally in April 2021

By Carmen

Total oil & gas industry cross border M&A deals worth $2.9bn were announced globally in April 2021, led by Mubadala Petroleum ’s $1.1bn asset transaction with Delek DrillingPartnership, according to GlobalData’s deals database.

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The value marked an increase of 8.3% over the previous month of $2.66bn and a drop of 59.6% when compared with the last 12-month average, which stood at $7.13bn.

Comparing cross border M&A deals value in different regions of the globe, Middle East and Africa held the top position, with total announced deals in the period worth $1.31bn. At the country level, the Israel topped the list in terms of deal value at $1.1bn.

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.

The top country in terms of cross border M&A deals activity in April 2021 was Liberia with six deals, followed by the UK with six and Panama with five.

In 2021, as of April, oil & gas cross border M&A deals worth $18.81bn were announced globally, marking an increase of 90% year on year.

oil & gas industry cross border M&A deals in April 2021: Top deals

The top five cross border M&A deals accounted for 71.7% of the overall value during April 2021.

The combined value of the top five oil & gas cross border M&A deals stood at $2.07bn, against the overall value of $2.9bn recorded for the month.

The top five oil & gas industry cross border M&A deals of April 2021 tracked by GlobalData were:

1) Mubadala Petroleum ’s $1.1bn asset transaction for 22% stake with Delek DrillingPartnership

2) The $389.92m merger of Navigator Holdings and Ultragas

3) Enerplus’ $312m asset transaction with Hess

4) The $140m acquisition of EOG Resources China by Roc Oil Holdings (Cayman Islands)

5) Reconnaissance Energy Africa ’s acquisition of Renaissance Oil for $123.88m.

Related Companies

Verdict deals analysis methodology

This analysis considers only announced and completed cross border deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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