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  1. Deals Analysis
June 21, 2021

Oil & Gas industry deals total $10.5bn globally in May 2021

By Nikitha Ladda

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.

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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.

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