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.
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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.
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.
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.