Receive our newsletter – data, insights and analysis delivered to you
  1. Deals Analysis
November 30, 2021

Oil & Gas industry deals total $24.7bn globally in October 2021

By Baghmar P

Total oil & gas industry deals worth $24.7bn were announced globally for October 2021, with the $6.2bn private equity deal with Teekay LNG Partners being the sector’s biggest investment, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

The value marked an increase of 65% over the previous month of $14.99bn and a rise of 26.4% when compared with the last 12-month average of $19.56bn.

In terms of number of deals, the sector saw a drop of 23.89% with 86 deals in October 2021 when compared to the last 12-month average of 113 deals.

In value terms, North America led the activity with deals worth $12.49bn in October 2021.

Content from our partners
Green investment: What gives Scotland multiple advantages
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager

oil & gas industry deals in October 2021: Top deals

The top five deals accounted for 69.05% of the overall value during October 2021.

The combined value of the top five deals stood at $17.08bn, against the overall value of $24.7bn recorded for the month.

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

1) Stonepeak Partners $6.2bn private equity deal with Teekay LNG Partners

2) The $3.7bn acquisition of Purolite by Ecolab

3) Phillips 66 $3.4bn acquisition deal for 29.8% stake in Phillips 66 Partners

4) The $1.98bn acquisition of Dominion Energy Questar Pipeline by Southwest Gas Holding

5) Crestwood Equity Partners $1.8bn acquisition deal with Oasis Midstream Partners

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy