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  1. Deals Analysis
January 29, 2020

Oil & gas industry deals in December 2019 total $37.6bn globally

By Baghmar P

Total oil & gas industry deals for December 2019 worth $37.6bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 204.9% over the previous month and a rise of 6.6% when compared with the last 12-month average of $35.26bn.

In terms of number of deals, the sector saw a drop of 3.7% over the last 12-month average with 182 deals against the average of 189 deals.

In value terms, North America led the activity with deals worth $17.88bn.

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Oil & gas industry deals in December 2019: Top deals

The top five oil & gas deals accounted for 61.5% of the overall value during December 2019.

The combined value of the top five oil & gas deals stood at $23.12bn, against the overall value of $37.6bn recorded for the month.

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

1) Enagas, National Pension Service, The Blackstone Group, GIC and Universities Superannuation Scheme’s $5.69bn private equity deal with Tallgrass Energy

2) The $5bn asset transaction with Apache by Total

3) HC Holdings and Showa Denko’s $4.51bn acquisition of Hitachi Chemical

4) The $4.4bn asset transaction with Ecolab by Apergy

5) Lone Star Funds’ private equity deal with BASF Construction Chemicals (UK) for $3.52bn.

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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