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.
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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.
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
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.