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  1. Deals Analysis
March 1, 2022

Oil & Gas industry deals total $9.9bn globally in January 2022

By Carmen

Total oil & gas industry deals worth $9.9bn were announced globally for January 2022, with the $3.25bn acquisition of Navitas Midstream Partners being the sector’s biggest investment, according to GlobalData’s deals database.

 

The value marked a decrease of 66.6% over the previous month of $29.54bn and a drop of 52.1% when compared with the last 12-month average of $20.62bn.

In terms of number of deals, the sector saw a drop of 36.44% with 75 deals in January 2022 when compared to the last 12-month average of 118 deals.

In value terms, North America led the activity with deals worth $8.16bn in January 2022.

oil & gas industry deals in January 2022: Top deals

The top five deals accounted for 77.05% of the overall value during January 2022.

The combined value of the top five deals stood at $7.6bn, against the overall value of $9.9bn recorded for the month.

The top five oil & gas industry deals of January 2022 tracked by GlobalData were:

1) Enterprise Products Partners $3.25bn acquisition deal with Navitas Midstream Partners

2) The $2.65bn acquisition of Chief E&D Holdings and Tug Hill by Chesapeake Energy

3) Enerflex $735m acquisition deal with Exterran

4) The $568.56m acquisition of Globaltek and Yakutskaya Toplivno-Energeticheskaya Kompaniya PAO by Zhejiang Energy International

5) EnCap Flatrock Midstream $400m private equity deal with Clearfork Midstream

Related Companies

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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