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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By GlobalDataThe 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.
