Total oil & gas M&A deals in Q4 2018 worth $95.01bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 44.4% over the previous quarter and a drop of 13.6% when compared with the last four-quarter average, which stood at $110.43bn.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $65.52bn. At the country level, the United States topped the list in terms of deal value at $63.34bn.
In terms of volumes, North America emerged as the top region for oil & gas M&A deals globally, followed by Europe and then Asia-Pacific.
The top country in terms of M&A deals activity in Q4 2018 was the United States with 164 deals, followed by the United Kingdom with 50 and Canada with 39.
In 2018, as of the end of Q4, oil & gas M&As worth $459.93bn were announced globally, marking an increase of 44.7% year on year.
Oil & gas M&A deals in Q4 2018: Top deals
The top five oil & gas M&A deals accounted for 34.1% of the overall value during Q4 2018.
The combined value of the top five oil & gas M&A deals stood at $32.42bn, against the overall value of $95.01bn recorded for the quarter.
The top announced oil & gas M&A deal tracked by GlobalData in Q4 2018 was EnLink Midstream’s $8.62bn acquisition of EnLink Midstream Partners.
In second place was EnCana’s acquisition of Newfield Exploration for $7.7bn and in third place was Antero Midstream GP’s $7.2bn acquisition of Antero Midstream Partners.
Dominion Energy’s $4.56bn acquisition of Dominion Energy Midstream Partners and the merger of Ensco and Rowan Companies for $4.34bn held fourth and fifth positions, respectively.
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.
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.