Total oil & gas industry deals worth $10.5bn were announced globally for May 2021, with the $2.93bn acquisition of Alta Marcellus Development and Ard Operating being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 54.2% over the previous month of $22.97bn and a drop of 46.5% when compared with the last 12-month average of $19.68bn.
In terms of number of deals, the sector saw a drop of 14.42% with 89 deals in May 2021 when compared to the last 12-month average of 104 deals.
In value terms, North America led the activity with deals worth $7.33bn in May 2021.
Oil & Gas industry deals in May 2021: Top deals
The top five deals accounted for 75.1% of the overall value during May 2021.
The combined value of the top five deals stood at $7.9bn, against the overall value of $10.5bn recorded for the month.
The top five oil & gas industry deals of May 2021 tracked by GlobalData were:
1) EQT’s $2.93bn acquisition of Alta Marcellus Development and Ard Operating
2) The $2.1bn acquisition of Ferro by Prince International
3) Kinder Morgan’s $1.23bn acquisition of Stagecoach Gas Services
4) The $1.06bn acquisition deal of Japan Synthetic Rubber Spin-off Preparation by ENEOS
5) Petroleos Mexicanos’ acquisition deal with Deer Park Refining for $596m.
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.