Total oil & gas industry M&A deals in Q4 2019 worth $63.54bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 16.8% over the previous quarter and a drop of 40.2% when compared with the last four-quarter average, which stood at $106.49bn.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $34.5bn. At the country level, the US topped the list in terms of deal value at $31.24bn.
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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By GlobalDataThe top country in terms of M&A deals activity in Q4 2019 was the US with 125 deals, followed by the UK with 33 and Canada with 30.
In 2019, as of the end of Q4 2019, oil & gas M&A deals worth $389.81bn were announced globally, marking a decrease of 17% year on year.
Oil & gas industry M&A deals in Q4 2019: Top deals
The top five oil & gas industry M&A deals accounted for 35.8% of the overall value during Q4 2019.
The combined value of the top five oil & gas M&A deals stood at $22.76bn, against the overall value of $63.54bn recorded for the month.
The top five oil & gas industry deals of Q4 2019 tracked by GlobalData were:
1) Hess Midstream Partners’ $6.2bn acquisition of Hess Infrastructure Partners
2) The $5bn asset transaction with Apache by Total
3) HC Holdings and Showa Denko’s $4.51bn acquisition of Hitachi Chemical
4) The $4.4bn asset transaction with Ecolab by Apergy
5) DTE Energy’s asset transaction with Indigo Natural Resources and Momentum Midstream for $2.65bn.
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.