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.