Oil & gas industry M&A deals in February 2020 total $5.6bn globally

27 March 2020 (Last Updated March 27th, 2020 06:10)
Oil & gas industry M&A deals in February 2020 total $5.6bn globally

Total oil & gas industry M&A deals in February 2020 worth $5.6bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 37.8% over the previous month and a drop of 82.9% when compared with the last 12-month average, which stood at $32.62bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $2.19bn. At the country level, the US topped the list in terms of deal value at $2.04bn.

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 February 2020 was the US with 32 deals, followed by Canada with 11 and the UK with ten.

In 2020, as of the end of February 2020, oil & gas M&A deals worth $14.59bn were announced globally, marking a decrease of 44.6% year on year.

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

The top five oil & gas industry M&A deals accounted for 46.2% of the overall value during February 2020.

The combined value of the top five oil & gas M&A deals stood at $2.58bn, against the overall value of $5.6bn recorded for the month.

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

1) Eversource Energy’s $1.1bn acquisition of Columbia Gas of Massachusetts

2) The $490.92m acquisition of Viva Energy REIT by Charter Hall Group and Charter Hall Long WALE REIT

3) Carrefour Brazil’s $453.47m asset transaction with Makro Atacadista

4) The $280.5m asset transaction by Euronav

5) Elengy’s acquisition of Fosmax Lng for $260m.

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.