Total oil & gas industry deals worth $20.8bn were announced globally for July 2021, with the $6.5bn acquisition of Atotech Deutschland being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 43.5% over the previous month of $14.52bn and a rise of 6.5% when compared with the last 12-month average of $19.57bn.

In terms of number of deals, the sector saw a drop of 8.11% with 102 deals in July 2021 when compared to the last 12-month average of 111 deals.

In value terms, Europe led the activity with deals worth $14.08bn in July 2021.

oil & gas industry deals in July 2021: Top deals

The top five deals accounted for 72.7% of the overall value during July 2021.

The combined value of the top five deals stood at $15.14bn, against the overall value of $20.8bn recorded for the month.

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

1) Atotech Deutschland $6.5bn acquisition deal with MKS Instruments

2) The $4.75bn acquisition of Allnex Germany by PTTGC International (Netherlands)

3) GRTgaz $1.99bn acquisition deal for 11.5% stake in Caisse des Depots et Consignations and CNP Assurances

4) The $722.5m acquisition of 20% stake in General Chemical by Hanwha Energy and Hanwha Solutions

5) PT Chandra Asri Petrochemical $1.18bn acquisition deal with Thai Oil Public