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  1. Deals Analysis
June 23, 2022

Oil & Gas industry deals total $11.7bn globally in May 2022

By Carmen

Total Oil & gas industry deals worth $11.7bn were announced globally for May 2022, with the Advent International and Lanxess $4.14bn private equity deal with Koninklijke DSM being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 137.7% over the previous month of $4.93bn and a drop of 32.3% when compared with the last 12-month average of $17.31bn.

In terms of number of deals, the sector saw a drop of 8.93% with 102 deals in May 2022 when compared to the last 12-month average of 112 deals.

In value terms, Europe led the activity with deals worth $7.12bn in May 2022.

Oil & gas industry deals in May 2022: Top deals

The top five deals accounted for 72.05% of the overall value during May 2022.

The combined value of the top five deals stood at $8.45bn, against the overall value of $11.7bn recorded for the month.

The top five Oil & gas industry deals of May 2022 tracked by GlobalData were:

1) Advent International and Lanxess $4.14bn private equity deal with Koninklijke DSM

2) The $2.39bn acquisition of Perstorp Holding by Petronas Chemicals Group

3) TriSummit Utilities $800m acquisition deal with Cook Inlet Natural Gas Storage Alaska,ENSTAR Natural Gas and Norstar PipelineInc

4) The $600m acquisition of Sendero Midstream Partners by Crestwood Midstream Partners

5) Hoegh LNG Holdings $513.42m acquisition deal for 54.3% stake with Hoegh LNG Partners

Related Companies

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.

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