Oil & gas industry M&A deals in December 2020 total $27.08bn globally

18 January 2021 (Last Updated January 18th, 2021 15:10)

Oil & gas industry M&A deals in December 2020 total $27.08bn globally

Total oil & gas industry M&A deals in December 2020 worth $27.08bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 260.3% over the previous month and a rise of 31.03% when compared with the last 12-month average, which stood at $20.67bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $10.8bn. At the country level, the US topped the list in terms of deal value at $9.87bn.

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.

The top country in terms of M&A deals activity in December 2020 was the US with 58 deals, followed by the UK with 11 and China with nine.

In 2020, as of the end of December 2020, oil & gas M&A deals worth $246.4bn were announced globally, marking a decrease of 36.9% year on year.

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

The top five oil & gas industry M&A deals accounted for 57.8% of the overall value during December 2020.

The combined value of the top five oil & gas M&A deals stood at $15.65bn, against the overall value of $27.08bn recorded for the month.

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

1) China Oil & Gas Pipeline Network’s $6.24bn acquisition of PetroChina Beijing Gas Pipeline and PetroChina Dalian LNG

2) The $3.19bn acquisition of TC Pipelines by TC Energy

3) Global Infrastructure Management Australia’s $2.5bn asset transaction with Royal Dutch Shell

4) The $2.2bn acquisition of QEP Resources by Diamondback Energy

5) PPG Industries’ acquisition of Tikkurila for $1.52bn.

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.