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  1. Deals Analysis
June 20, 2019

Oil & gas industry M&A deals in May 2019 total $36.75bn globally

Total oil & gas industry M&A deals in May 2019 worth $36.75bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 59.2% over the previous month and a rise of 14.7% when compared with the last 12-month average, which stood at $43.07bn.

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 $20.98bn.

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.

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The top country in terms of M&A deals activity in May 2019 was the US with 50 deals, followed by Canada with 16 and the UK with seven.

In 2019, as of the end of May 2019, oil & gas M&A deals worth $235.57bn were announced globally, marking an increase of 25.4% year on year.

Oil & gas industry M&A deals in May 2019: Top deals

The top five oil & gas industry M&A deals accounted for 77.7% of the overall value during May 2019.

The combined value of the top five oil & gas industry M&A deals stood at $28.57bn, against the overall value of $36.75bn recorded for the month. The top announced oil & gas industry M&A deal tracked by GlobalData in May 2019 was MPLX’s $14bn acquisition of Andeavor Logistics.

In second place was the $8.8bn asset transaction with Occidental Petroleum by Total and in third place was Canadian Natural Resources’ $2.8bn acquisition of Devon Canada.

The $2bn acquisition of Chevron North Sea by Ithaca Energy and Equinor’s asset transaction with Shell Offshore for $965m held fourth and fifth positions, respectively.

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.

 

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