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  1. Deals Analysis
January 27, 2021

Oil & gas industry deals in Q4 2020 total $82.27bn globally

By Baghmar P

Total oil & gas industry deals for Q4 2020 worth $82.27bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 51.6% over the previous quarter and a rise of 20.5% when compared with the last four-quarter average of $68.56bn.

In terms of number of deals, the sector saw a rise of 3.8% over the last four-quarter average with 602 deals against the average of 580 deals.

In value terms, North America led the activity with deals worth $53.82bn.

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Oil & gas industry deals in Q4 2020: Top deals

The top five oil & gas deals accounted for 46.4% of the overall value during Q4 2020.

The combined value of the top five oil & gas deals stood at $38.14bn, against the overall value of $82.27bn recorded for the month.

The top five oil & gas industry deals of Q4 2020 tracked by GlobalData were:

1) ConocoPhillips’ $13.34bn acquisition of Concho Resources

2) The $7.77bn merger of Cenovus Energy and Husky Energy by

3) Pioneer Natural Resources’ $7.6bn acquisition of Parsley Energy

4) The $6.24bn acquisition of PetroChina Beijing Gas Pipeline and PetroChina Dalian LNG by China Oil & Gas Pipeline Network

5) TC Energy’s acquisition of TC Pipelines for $3.19bn.

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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