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  1. Deals Analysis
April 22, 2020

Oil & gas industry deals in Q1 2020 total $30.7bn globally

By Baghmar P

Total oil & gas industry deals for Q1 2020 worth $30.7bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 62.03% over the previous quarter and a drop of 73% when compared with the last four-quarter average of $113.56bn.

In terms of number of deals, the sector saw a drop of 18.7% over the last four-quarter average with 478 deals against the average of 588 deals.

In value terms, North America led the activity with deals worth $12.21bn.

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Oil & gas industry deals in Q1 2020: Top deals

The top five oil & gas deals accounted for 41.1% of the overall value during Q1 2020.

The combined value of the top five oil & gas deals stood at $12.61bn, against the overall value of $30.7bn recorded for the month.

The top five oil & gas industry deals of Q1 2020 tracked by GlobalData were:

1) OMV’s $4.68bn acquisition of Borealis

2) The $2.73bn acquisition of Lummus Technology by Illuminate Buyer

3) Firmenich’s $2.21bn acquisition of Les Derives Resiniques Et Terpeniques

4) The $1.88bn merger of EQM Midstream Partners and Equitrans Midstream by

5) Hyundai Oilbank and Koramco Reits Management And Trust’s asset transaction with SK Networks for $1.12bn.

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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