Total oil & gas industry M&A deals in July 2020 worth $67.88bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 282% over the previous month and a rise of 308.8% when compared with the last 12-month average, which stood at $16.61bn.
Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $42.1bn. At the country level, China topped the list in terms of deal value at $39.94bn.
In terms of volumes, Asia-Pacific emerged as the top region for oil & gas industry M&A deals globally, followed by North America and then Europe.
The top country in terms of M&A deals activity in July 2020 was the US with 37 deals, followed by Panama with 13 and China with 11.
In 2020, as of the end of July 2020, oil & gas M&A deals worth $118.77bn were announced globally, marking a decrease of 54.9% year on year.
Oil & gas industry M&A deals in July 2020: Top deals
The top five oil & gas industry M&A deals accounted for 93.4% of the overall value during July 2020.
The combined value of the top five oil & gas M&A deals stood at $63.42bn, against the overall value of $67.88bn recorded for the month.
The top five oil & gas industry deals of July 2020 tracked by GlobalData were:
1) China Oil & Gas Piping Network’s $38.42bn asset transaction with PetroChina
2) The $13bn acquisition of Noble Energy by Chevron
3) Berkshire Hathaway Energy’s $9.7bn acquisition of Dominion Carolina Gas Transmission, Dominion Cove Point LNG, Dominion Energy Transmission, Iroquois Gas Transmission System and Dominion Energy Questar Pipeline
4) The $1.58bn acquisition of Polyplastics by Daicel
5) MISC’s asset transaction with Zhejiang Satellite Petrochemical for $726m.
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.