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  1. Deals Analysis
June 20, 2019

Oil & gas industry deals in May 2019 total $50.71bn globally

Total oil & gas industry deals for May 2019 worth $50.71bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 50.2% over the previous month and a rise of 6.5% when compared with the last 12-month average of $47.59bn.

In terms of number of deals, the sector saw a drop of 32.3% over the last 12-month average with 134 deals against the average of 198 deals.

In value terms, North America led the activity with deals worth $36.91bn.

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Oil & gas industry deals in May 2019: Top deals

The top five oil & gas deals accounted for 74.7% of the overall value during May 2019.

The combined value of the top five oil & gas deals stood at $37.9bn, against the overall value of $50.71bn recorded for the month. The top announced oil & gas deal tracked by GlobalData in May 2019 was MPLX’s $14bn acquisition of Andeavor Logistics.

In second place was the $10.3bn private equity deal with Buckeye Partners by IFM Investors and in third place was Total’s $8.8bn asset transaction with Occidental Petroleum.

The $2.8bn acquisition of Devon Canada by Canadian Natural Resources and Ithaca Energy’s acquisition of Chevron North Sea for $2bn held fourth and fifth positions, respectively.

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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