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  1. Deals Analysis
September 20, 2019

Oil & gas industry deals in August 2019 total $36.78bn globally

Total oil & gas industry deals for August 2019 worth $36.78bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 70.02% over the previous month and a drop of 19.2% when compared with the last 12-month average of $45.53bn.

In terms of number of deals, the sector saw a drop of 19% over the last 12-month average with 154 deals against the average of 190 deals.

In value terms, Asia-Pacific led the activity with deals worth $17.4bn.

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Oil & gas industry deals in August 2019: Top deals

The top five oil & gas deals accounted for 71% of the overall value during August 2019.

The combined value of the top five oil & gas deals stood at $26.1bn, against the overall value of $36.78bn recorded for the month.

The top five oil & gas industry deals of August 2019 tracked by GlobalData were:

1) Saudi Arabian Oil’s $15bn asset transaction with Reliance Industries

2) The $5.6bn asset transaction with BP by Hilcorp Alaska

3) Indorama Ventures’ $2.08bn asset transaction with Huntsman

4) The $1.73bn acquisition of Kinder Morgan Canada by Pembina Pipeline

5) The $1.7bn merger of PDC Energy and SRC Energy.

Verdict deals analysis methodology

This analysis considers only announced and completed 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.

 

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