Total oil & gas industry deals for September 2019 worth $17.16bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 52.4% over the previous month and a drop of 57.5% when compared with the last 12-month average of $40.35bn.

In terms of number of deals, the sector saw a drop of 39.4% over the last 12-month average with 117 deals against the average of 193 deals.

In value terms, North America led the activity with deals worth $9.93bn.

Oil & gas industry deals in September 2019: Top deals

The top five oil & gas deals accounted for 75.4% of the overall value during September 2019.

The combined value of the top five oil & gas deals stood at $12.95bn, against the overall value of $17.16bn recorded for the month.

The top five oil & gas industry deals of September 2019 tracked by GlobalData were:

1) Energy Transfer’s $5.1bn acquisition of SemGroup

2) The $4.5bn asset transaction with Exxon Mobil by Var Energi

3) Nextera Energy Partners‘ $1.37bn acquisition of Meade Pipeline Co

4) The $1.05bn asset transaction with SK Innovation by Pluspetrol

5) Spur Energy Partners‘ asset transaction with Concho Resources for $925m.

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.