Oil & gas industry M&A deals in August 2019 total $34.87bn globally

20 September 2019 (Last Updated September 20th, 2019 12:52)

Oil & gas industry M&A deals in August 2019 total $34.87bn globally

Total oil & gas industry M&A deals in August 2019 worth $34.87bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 79.2% over the previous month and a drop of 13.5% when compared with the last 12-month average, which stood at $40.32bn.

Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $17.38bn. At the country level, India topped the list in terms of deal value at $15.19bn.

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

The top country in terms of M&A deals activity in August 2019 was the US with 46 deals, followed by Canada with seven and Greece with six.

In 2019, as of the end of August 2019, oil & gas M&A deals worth $300.14bn were announced globally, marking a decrease of 12.9% year on year.

Oil & gas industry M&A deals in August 2019: Top deals

The top five oil & gas industry M&A deals accounted for 74.9% of the overall value during August 2019.

The combined value of the top five oil & gas M&A deals stood at $26.1bn, against the overall value of $34.87bn recorded for the month.

The top five oil & gas industry deals of August 2019 tracked by GlobalData were:

1) Saudi Arabian Oil’s $15bn asset transaction with Reliance Industries

2) The $5.6bn asset transaction with BP by Hilcorp Alaska

3) Indorama Ventures’ $2.08bn asset transaction with Huntsman

4) The $1.73bn acquisition of Kinder Morgan Canada by Pembina Pipeline

5) The $1.7bn merger of PDC Energy and SRC Energy.

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.