Oil & gas industry M&A deals in August 2020 total $27.19bn globally

25 September 2020 (Last Updated September 25th, 2020 14:25)

Oil & gas industry M&A deals in August 2020 total $27.19bn globally

Total oil & gas industry M&A deals in August 2020 worth $27.19bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 60% over the previous month and a rise of 32.4% when compared with the last 12-month average, which stood at $20.54bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $24.77bn. At the country level, the US topped the list in terms of deal value at $24.3bn.

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 South and Central America.

The top country in terms of M&A deals activity in August 2020 was the US with 42 deals, followed by China with ten and Canada with nine.

In 2020, as of the end of August 2020, oil & gas M&A deals worth $146.43bn were announced globally, marking a decrease of 52.2% year on year.

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

The top five oil & gas industry M&A deals accounted for 88.8% of the overall value during August 2020.

The combined value of the top five oil & gas M&A deals stood at $24.13bn, against the overall value of $27.19bn recorded for the month.

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

1) 7-Eleven’s $21bn acquisition of Speedway

2) The $1.33bn asset transaction with Occidental Petroleum by Orion Mine Finance

3) Southwestern Energy’s $863.87m acquisition of Montage Resources

4) The $489.4m asset transaction with Ampol by Charter Hall Group and GIC

5) Liberty Oilfield Services’ acquisition of OneStimSM for $448m.

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.