Receive our newsletter – data, insights and analysis delivered to you
  1. Deals Analysis
February 17, 2021

Oil & Gas industry cross border M&A deals total $7.09bn globally in January 2021

By Baghmar P

Total oil & gas industry cross border M&A deals worth $7.09bn were announced globally in January 2021, led by New Fortress Energy’s $3.1bn acquisition of Hygo Energy Transition, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

The value marked a decrease of 57.1% over the previous month of $16.52bn and a rise of 24.4% when compared with the last 12-month average, which stood at $5.7bn.

Comparing cross border M&A deals value in different regions of the globe, South and Central America held the top position, with total announced deals in the period worth $5.07bn. At the country level, the Bermuda topped the list in terms of deal value at $5bn.

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 South and Central America.

Content from our partners
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager
The important role of antifoam agents in oil-gas separation and amine treating

The top country in terms of cross border M&A deals activity in January 2021 was the US with ten deals, followed by the Canada with four and Marshall Islands with four.

In 2021, as of January, oil & gas cross border M&A deals worth $7.09bn were announced globally, marking an increase of 160.7% year on year.

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

The top five cross border M&A deals accounted for 86.7% of the overall value during January 2021.

The combined value of the top five oil & gas cross border M&A deals stood at $6.15bn, against the overall value of $7.09bn recorded for the month.

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

1) New Fortress Energy’s $3.1bn acquisition of Hygo Energy Transition

2) The $1.9bn acquisition of Golar LNG Partners by New Fortress Energy

3) Enerplus’ $465m acquisition of Bruin E&P HoldCo

4) The $367.82m acquisition of Mom Holding by KCC

5) TMS Cardiff Gas’ asset transaction with MatlinPatterson Global Advisers for $320m.

Related Companies

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU