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Total oil & gas industry deals for Q2 2019 worth $162.92bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 53.7% over the previous quarter and a rise of 20.2% when compared with the last four-quarter average of $135.61bn.

In terms of number of deals, the sector saw a drop of 28.3% over the last four-quarter average with 435 deals against the average of 607 deals.

In value terms, North America led the activity with deals worth $112.39bn.

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By GlobalData

Oil & gas industry deals in Q2 2019: Top deals

The top five oil & gas deals accounted for 60.6% of the overall value during Q2 2019.

The combined value of the top five oil & gas deals stood at $98.79bn, against the overall value of $162.92bn recorded for the quarter. The top announced oil & gas deal tracked by GlobalData in Q2 2019 was Occidental Petroleum’s $57bn acquisition of Anadarko Petroleum.

In second place was the $14bn acquisition of Andeavor Logistics by MPLX and in third place was IFM Investors’ $10.3bn private equity deal with Buckeye Partners.

The $8.8bn asset transaction with Occidental Petroleum by Total and Caisse de depot et Placement du Quebec, Engie and Engie Brasil Energia’s acquisition of Transportadora Associada de Gas for $8.69bn 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.