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  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.

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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.

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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.

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