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  1. Deals Analysis
July 17, 2019

Oil & gas industry M&A deals in Q2 2019 total $135.96bn globally

Total oil & gas industry M&A deals in Q2 2019 worth $135.96bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 53.4% over the previous quarter and a rise of 10.3% when compared with the last four-quarter average, which stood at $123.28bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $95bn. At the country level, the US topped the list in terms of deal value at $90.57bn.

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 Q2 2019 was the US with 136 deals, followed by Canada with 37 and the UK with 27.

In 2019, as of the end of Q2 2019, oil & gas M&A deals worth $244.33bn were announced globally, marking an increase of 14.4% year on year.

Oil & gas industry M&A deals in Q2 2019: Top deals

The top five oil & gas industry M&A deals accounted for 67.8% of the overall value during Q2 2019.

The combined value of the top five oil & gas industry M&A deals stood at $92.16bn, against the overall value of $135.96bn recorded for the quarter. The top announced oil & gas industry M&A deal tracked by GlobalData in Q2 2019 was Occidental Petroleum’s $57bn acquisition of Anadarko Petroleum.

In second place was the $14bn acquisition of Andeavor Logistics by MPLX and in third place was Total’s $8.8bn asset transaction with Occidental Petroleum.

The $8.69bn acquisition of Transportadora Associada de Gas by Caisse de dépôt et placement du Québec, Engie and Engie Brasil Energia and Parker Hannifin’s acquisition of LORD for $3.68bn 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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