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  1. Deals Analysis
May 22, 2020

Oil & gas industry M&A deals in April 2020 total $3.66bn globally

By Baghmar P

Total oil & gas industry M&A deals in April 2020 worth $3.66bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 67.04% over the previous month and a drop of 85.8% when compared with the last 12-month average, which stood at $25.81bn.

Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $2.27bn. At the country level, Hong Kong Special Administrative Region of China topped the list in terms of deal value at $1.47bn.

In terms of volumes, North America emerged as the top region for oil & gas industry M&A deals globally, followed by Asia-Pacific and then Europe.

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The top country in terms of M&A deals activity in April 2020 was the US with 17 deals, followed by China with 11 and Canada with six.

In 2020, as of the end of April 2020, oil & gas M&A deals worth $31.88bn were announced globally, marking a decrease of 84.1% year on year.

Oil & gas industry M&A deals in April 2020: Top deals

The top five oil & gas industry M&A deals accounted for 32.9% of the overall value during April 2020.

The combined value of the top five oil & gas M&A deals stood at $1.21bn, against the overall value of $3.66bn recorded for the month.

The top five oil & gas industry deals of April 2020 tracked by GlobalData were:

1) Total’s $575m asset transaction with Tullow Uganda and Tullow Uganda Operations

2) The $241.98m acquisition of Jizhou Huayang Chemical by Zhejiang Xinan Chemical Industrial Group(Wynca Group)

3) China Development Bank Financial Leasing’s $188.92m asset transaction with New Ocean Shipbuilding

4) The $110m asset transaction with Carbon Energy by Diversified Gas & Oil

5) Origin Energy B2’s asset transaction with Falcon Oil & Gas Australia for $91.22m.

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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