Total oil & gas industry cross border M&A deals worth $25.8bn were announced globally in Q3 2022, led by Capricorn Energy’s $7.16bn acquisition of NewMed EnergyPartnership, according to GlobalData’s deals database.

 
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The value marked a decrease of 1.8% over the previous quarter of $26.24bn and a drop of 25.7% when compared with the last four-quarter average, which stood at $34.67bn. 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 $8.16bn. At the country level, the Israel topped the list in terms of deal value at $7.16bn. 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 Q3 2022 was the Marshall Islands with 23 deals, followed by Liberia with 22 and the US with 22. In 2022, at the end of , cross border M&A deals worth $80.71bn were announced globally in oil & gas industry, marking an increase of 0.04% year on year.

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Cross Border M&A deals in oil & gas industry in Q3 2022: Top deals

The top five cross border M&A deals in oil & gas industry accounted for 0.04% of the overall value during Q3 2022. The combined value of the top deals stood at $17.56bn, against the overall value of $25.8bn recorded for the quarter. The top five oil & gas industry cross border oil & gas deals of Q3 2022 tracked by GlobalData were: 1) Capricorn Energy’s $7.16bn acquisition deal with NewMed EnergyPartnership 2) The $4.8bn asset transaction of 25% stake in Repsol by EIG Global Energy Partners 3) Saudi Arabian Oil’s $2.65bn asset transaction deal with Valvoline 4) The $2bn acquisition of Shell Onshore Ventures by IKAV Capital Partners 5) Trelleborg’s $950m acquisition deal with Minnesota Rubber & Plastics Corporate

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