Total oil & gas industry deals for November 2020 worth $6.85bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 83.6% over the previous month and a drop of 71% when compared with the last 12-month average of $23.62bn.

In terms of number of deals, the sector saw a drop of 18.4% over the last 12-month average with 155 deals against the average of 190 deals.

In value terms, North America led the activity with deals worth $3.72bn.

Oil & gas industry deals in November 2020: Top deals

The top five oil & gas deals accounted for 44% of the overall value during November 2020.

The combined value of the top five oil & gas deals stood at $3.02bn, against the overall value of $6.85bn recorded for the month.

The top five oil & gas industry deals of November 2020 tracked by GlobalData were:

1) Oaktree Capital Management’s $900m private equity deal with FourPass Energy

2) The $656.71m acquisition of Evida Service Nord by Ministry of Finance Denmark

3) Casey’s General Stores’ $580m acquisition of Buchanan Energy

4) The $475.19m acquisition of Jupiter Resources by Tourmaline Oil

5) INEOS Olefins & Polymers USA’s acquisition of Gemini HDPE for $404m.

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.