Oil & Gas industry cross border M&A deals total $7.68bn in Asia-Pacific in Q4 2020

15 February 2021 (Last Updated February 15th, 2021 16:26)

Total oil & gas industry cross border M&A deals worth $7.68bn were announced in Asia-Pacific Q4 2020, led by China Oil & Gas Pipeline Network’s $6.24bn acquisition, according to GlobalData’s deals database.

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The value marked a decrease of 48.1% over the previous quarter and a drop of 9% when compared with the last four-quarter average of $8.44bn.

Asia-Pacific held a 37.59% share of the global oil & gas industry cross border M&A deal value that totalled $20.43bn in Q4 2020. With a 30.64% share and deals worth $6.26bn, China was the top country in Asia-Pacific’s cross border M&A deal value across oil & gas industry.

In terms of deal activity, Asia-Pacific recorded 53 cross border deals during Q4 2020, marking a decrease of 18.46% over the previous quarter and a drop of 8.62% over the last four-quarter average. Marshall Islands recorded 17 deals during the quarter.

Asia-Pacific oil & gas industry cross border M&A deals in Q4 2020: Top deals

The top five oil & gas industry cross border M&A deals accounted for 90.2% of the overall value during Q4 2020.

The combined value of the top five cross border M&A deals stood at $6.92bn, against the overall value of $7.68bn recorded for the quarter.

The top five oil & gas industry cross border deals of Q4 2020 tracked by GlobalData were:

1) China Oil & Gas Pipeline Network’s $6.24bn acquisition of PetroChina Beijing Gas Pipeline and PetroChina Dalian LNG

2) The $333.8m acquisition of Philippine Tank Storage International (Holdings) by Keppel Infrastructure Trust and Metro Pacific Investments

3) ADNOC Logistics & Services $168.4m asset transaction with Hunter Group

4) The $110m asset transaction with Ionic Shipping (MGT) by General National Maritime Transport

5) Delta Tankers’ asset transaction with TRF Ship Management for $71m.

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.