Oil & gas industry M&A deals in June 2020 total $17.8bn globally

24 July 2020 (Last Updated July 24th, 2020 14:21)

Oil & gas industry M&A deals in June 2020 total $17.8bn globally

Total oil & gas industry M&A deals in June 2020 worth $17.8bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 642.8% over the previous month and a rise of 11.9% when compared with the last 12-month average, which stood at $15.91bn.

Comparing deals value in different regions of the globe, Middle East and Africa held the top position, with total announced deals in the period worth $10.16bn. At the country level, the United Arab Emirates topped the list in terms of deal value at $10.1bn.

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 June 2020 was the US with 35 deals, followed by Panama with 11 and the UK with ten.

In 2020, as of the end of June 2020, oil & gas M&A deals worth $50.83bn were announced globally, marking a decrease of 79% year on year.

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

The top five oil & gas industry M&A deals accounted for 90.5% of the overall value during June 2020.

The combined value of the top five oil & gas M&A deals stood at $16.11bn, against the overall value of $17.8bn recorded for the month.

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

1) Brookfield Asset Management, GIC, Global Infrastructure Management, NH Investment & Securities, Ontario Teachers’ Pension Plan and Snam’s $10.1bn acquisition of ADNOC Gas Pipeline Assets

2) The $5bn asset transaction with BP by Ineos Group

3) TPG Sixth Street Partners’ $402m acquisition of Antero Resources

4) The $385.59m merger of China XD Plastics, Faith Dawn and Faith Horizon by

5) Hilco Redevelopment Partners’ asset transaction with Philadelphia Energy Solutions for $225.5m.

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.