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  1. Deals Analysis
January 18, 2021

Oil & gas industry deals in December 2020 total $28.46bn globally

By Baghmar P

Total oil & gas industry deals for December 2020 worth $28.46bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 150.4% over the previous month and a rise of 19.7% when compared with the last 12-month average of $23.77bn.

In terms of number of deals, the sector saw a rise of 1.03% over the last 12-month average with 196 deals against the average of 194 deals.

In value terms, North America led the activity with deals worth $12.18bn.

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Oil & gas industry deals in December 2020: Top deals

The top five oil & gas deals accounted for 55% of the overall value during December 2020.

The combined value of the top five oil & gas deals stood at $15.65bn, against the overall value of $28.46bn recorded for the month.

The top five oil & gas industry deals of December 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 $3.19bn acquisition of TC Pipelines by TC Energy

3) Global Infrastructure Management Australia’s $2.5bn asset transaction with Royal Dutch Shell

4) The $2.2bn acquisition of QEP Resources by Diamondback Energy

5) PPG Industries’ acquisition of Tikkurila for $1.52bn.

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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