Oil & gas industry M&A deals in November 2020 total $5.71bn globally

15 December 2020 (Last Updated December 15th, 2020 13:35)

Oil & gas industry M&A deals in November 2020 total $5.71bn globally

Total oil & gas industry M&A deals in November 2020 worth $5.71bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 85% over the previous month and a drop of 72.6% when compared with the last 12-month average, which stood at $20.84bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $2.6bn. At the country level, the US topped the list in terms of deal value at $1.84bn.

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 November 2020 was the US with 39 deals, followed by Canada with 11 and China with eight.

In 2020, as of the end of November 2020, oil & gas M&A deals worth $214.54bn were announced globally, marking a decrease of 40.7% year on year.

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

The top five oil & gas industry M&A deals accounted for 43.7% of the overall value during November 2020.

The combined value of the top five oil & gas M&A deals stood at $2.49bn, against the overall value of $5.71bn recorded for the month.

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

1) Ministry of Finance Denmark’s $656.71m acquisition of Evida Service Nord

2) The $580m acquisition of Buchanan Energy by Casey’s General Stores

3) Tourmaline Oil’s $475.19m acquisition of Jupiter Resources

4) The $404m acquisition of Gemini HDPE by INEOS Olefins & Polymers USA

5) Bonanza Creek Energy’s acquisition of HighPoint Resources for $376m.

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.