Total oil & gas industry deals worth $13.5bn were announced globally for February 2022, with the $8.1bn private equity deal with South Jersey Industries being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 32.3% over the previous month of $10.23bn and a drop of 34.5% when compared with the last 12-month average of $20.64bn.
In terms of number of deals, the sector saw a drop of 36.97% with 75 deals in February 2022 when compared to the last 12-month average of 119 deals.
In value terms, North America led the activity with deals worth $12bn in February 2022.
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oil & gas industry deals in February 2022: Top deals
The top five deals accounted for 82.1% of the overall value during February 2022.
The combined value of the top five deals stood at $11.11bn, against the overall value of $13.5bn recorded for the month.
The top five oil & gas industry deals of February 2022 tracked by GlobalData were:
1) The Infrastructure Investments Fund $8.1bn private equity deal with South Jersey Industries
2) The $1.3bn acquisition of Great Western Petroleum by PDC Energy
3) ULLICO $690m acquisition deal with Hope Gas
4) The $620m acquisition of OCTAL HoldingSAOC by Alpek SAB de CV
5) Quantum Energy Partners and Warburg Pincus $400m private equity deal with Trident Energy