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  1. Deals Analysis
May 4, 2021

Oil & Gas industry deals total $75.34bn globally in Q1 2021

By Carmen

Brookfield Infrastructure Partners’ $9.51bn acquisition deal with Inter Pipeline was the oil & gas industry’s biggest deal of Q1 2021 as deals worth $75.34bn were announced globally in the quarter, according to GlobalData’s deals database.

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The value marked a decrease of 19.3% over the previous quarter and a rise of 5.6% when compared with the last four-quarter average of $71.33bn.

In terms of number of deals, the sector saw a drop of 14.09% with 503 deals in Q1 2021 against the average of 585.50 deals in the last four-quarters.

In value terms, North America led the activity with deals worth $42.83bn.

oil & gas industry deals in Q1 2021: Top deals

The top five oil & gas industry deals accounted for 40.2% of the overall value during Q1 2021.

The combined value of the top five deals stood at $30.27bn, against the overall value of $75.34bn recorded for the quarter.

The top five oil & gas industry deals of Q1 2021 tracked by GlobalData were:

1) Brookfield Infrastructure Partners’ $9.51bn acquisition deals with Inter Pipeline

2) The $7.2bn acquisition of Enable Midstream Partners by Energy Transfer

3) ArcLight Capital Partners’ $5.2bn private equity deal with Natural Gas Pipelineof America LLC

4) The $4.67bn private equity deal with Lonza by Bain Capital Private Equity and Cinven

5) The merger with ARC Resources and Seven Generations Energy for $3.69bn.

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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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