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September 22, 2021

Oil & Gas industry cross border M&A deals total $4.3bn globally in August 2021

By Nikitha Ladda

Total oil & gas industry cross border M&A deals worth $4.3bn were announced globally in August 2021, led by Brookfield Super-Core Infrastructure Partners and Ontario Teachers’ Pension Plan’s $2.55bn acquisition of 50% stake in Scotland Gas Networks, according to GlobalData’s deals database.

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The value marked a decrease of 68.8% over the previous month of $13.62bn and a drop of 6.2% when compared with the last 12-month average, which stood at $4.53bn.

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 $2.56bn. At the country level, the UK topped the list in terms of deal value at $2.55bn.

In terms of volumes, North America emerged as the top region for oil & gas industry cross border M&A deals globally, followed by South and Central America and then Asia-Pacific.

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The top country in terms of cross border M&A deals activity in August 2021 was the US with five deals, followed by the Brazil with three and Canada with two.

In 2021, as of August, oil & gas cross border M&A deals worth $34.78bn were announced globally, marking an increase of 87.5% year on year.

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

The top five cross border M&A deals accounted for 97.7% of the overall value during August 2021.

The combined value of the top five oil & gas cross border M&A deals stood at $4.15bn, against the overall value of $4.3bn recorded for the month.

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

1) Brookfield Super-Core Infrastructure Partners and Ontario Teachers’ Pension Plan $2.55bn acquisition deal for 50% stake in Scotland Gas Networks

2) The $1.3bn acquisition of OxitenoIndustria E Comercio by Indorama Ventures

3) Raizen Energia $130m acquisition deal for 50% stake in Barcos y Rodados

4) The $88.13m acquisition of 49% stake in Refineria Dominicana de Petroleo by Dominican Republic Government

5) Hydrofarm Holdings Group $83m acquisition deal with Greenstar Plant Products

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