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  1. Deals Analysis
December 19, 2019

Oil & gas industry M&A deals in November 2019 total $10.62bn globally

By Baghmar P

Total oil & gas industry M&A deals in November 2019 worth $10.62bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 57.2% over the previous month and a drop of 66.8% when compared with the last 12-month average, which stood at $32.03bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $4.46bn. At the country level, the US topped the list in terms of deal value at $3.5bn.

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.

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The top country in terms of M&A deals activity in November 2019 was the US with 41 deals, followed by the UK with ten and Canada with ten.

In 2019, as of the end of November 2019, oil & gas M&A deals worth $359.02bn were announced globally, marking a decrease of 21.5% year on year.

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

The top five oil & gas industry M&A deals accounted for 54.9% of the overall value during November 2019.

The combined value of the top five oil & gas M&A deals stood at $5.83bn, against the overall value of $10.62bn recorded for the month.

The top five oil & gas industry deals of November 2019 tracked by GlobalData were:

1) Noble Midstream Partners’ $1.6bn asset transaction with Noble Energy

2) The $1.57bn asset transaction with Chevron BTC Pipeline and Chevron Global Ventures by MOL Hungarian Oil and Gas

3) Gazstroyprom’s $1.18bn acquisition of StroyGazMontazh

4) The $881.34m acquisition of Liquigas Distribuidora by Copagaz Distribuidora de Gas S/A and Nacional Gas Butan

5) EIP Investment, KDB Infrastructure Investment Asset Management, Samtan and Shinhan Investment’s asset transaction with Riverstone Holdings for $600m.

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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