Total oil & gas industry deals for February 2020 worth $6.28bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 35.6% over the previous month and a drop of 83.1% when compared with the last 12-month average of $37.13bn.
In terms of number of deals, the sector saw a drop of 16.8% over the last 12-month average with 159 deals against the average of 191 deals.
In value terms, North America led the activity with deals worth $2.84bn.
Oil & gas industry deals in February 2020: Top deals
The top five oil & gas deals accounted for 43.4% of the overall value during February 2020.
The combined value of the top five oil & gas deals stood at $2.72bn, against the overall value of $6.28bn recorded for the month.
The top five oil & gas industry deals of February 2020 tracked by GlobalData were:
1) Eversource Energy’s $1.1bn acquisition of Columbia Gas of Massachusetts
2) The $490.92m acquisition of Viva Energy REIT by Charter Hall Group and Charter Hall Long WALE REIT
3) Carrefour Brazil’s $453.47m asset transaction with Makro Atacadista
4) The $400m private equity deal with CenterPoint Energy Services by Energy Capital Partners
5) The $280.5m asset transaction by Euronav
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.