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  1. Deals Analysis
February 24, 2021

Oil & Gas industry deals total $10.76bn globally in January 2021

By Nikitha Ladda

Total oil & gas industry deals worth $10.76bn were announced globally for January 2021, with the $3.1bn acquisition of Hygo Energy Transition being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 62.3% over the previous month of $28.55bn and a drop of 52.8% when compared with the last 12-month average of $22.81bn.

In terms of number of deals, the sector saw a drop of 36.13% with 122 deals in January 2021 when compared to the last 12-month average of 191 deals.

In value terms, South and Central America led the activity with deals worth $5.21bn in January 2021.

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Oil & Gas industry deals in January 2021: Top deals

The top five deals accounted for 63.9% of the overall value during January 2021.

The combined value of the top five deals stood at $6.88bn, against the overall value of $10.76bn recorded for the month.

The top five oil & gas industry deals of January 2021 tracked by GlobalData were:

1) New Fortress Energy’s $3.1bn acquisition of Hygo Energy Transition

2) The $1.9bn acquisition of Golar LNG Partners by New Fortress Energy

3) Heirs Holdings and Transnational Corporation of Nigeria’s $802m asset transaction with Eni, Shell Petroleum Developmentof Nigeria Ltd and Total E&P Nigeria

4) The $614.14m acquisition deal of Scapa Group by AMS Holdco 2

5) Enerplus’ venture financing deal with Bruin E&P HoldCo for $465m.

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