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  1. Deals Analysis
March 21, 2021updated 24 Mar 2021 2:54pm

Oil & Gas industry cross border M&A deals total $5.98bn globally in February 2021

By Carmen

Total oil & gas industry cross border M&A deals worth $5.98bn were announced globally in February 2021, led by PTTEP Mena’s $2.59bn asset transaction with BP Exploration (Epsilon), according to GlobalData’s deals database.

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The value marked a decrease of 16.5% over the previous month of $7.16bn and a drop of 11.8% when compared with the last 12-month average, which stood at $6.78bn.

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 $2.83bn. At the country level, the Oman topped the list in terms of deal value at $2.59bn.

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 Asia-Pacific.

The top country in terms of cross border M&A deals activity in February 2021 was the US with seven deals, followed by the UK with five and Cyprus with four.

In 2021, as of February, oil & gas cross border M&A deals worth $13.14bn were announced globally, marking an increase of 204.4% year on year.

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

The top five cross border M&A deals accounted for 88.6% of the overall value during February 2021.

The combined value of the top five oil & gas cross border M&A deals stood at $5.3bn, against the overall value of $5.98bn recorded for the month.

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

1) PTTEP Mena’s $2.59bn asset transaction with BP Exploration (Epsilon)

2) The $1.3bn asset transaction with Exxon Mobil by NEO Energy

3) Lanxess’ $1.08bn acquisition of Emerald Kalama Chemical

4) The $187.85m asset transaction with TietoEVRY by Aucerna

5) CSSC Hong Kong Shipping’s asset transaction with Navig8 Chemical Tankers for $145.6m.

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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