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.
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.
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.