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  1. Deals Analysis
October 26, 2020

Oil & gas industry M&A deals in September 2020 total $10.58bn globally

By Baghmar P

Total oil & gas industry M&A deals in September 2020 worth $10.58bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 73.1% over the previous month and a drop of 47.7% when compared with the last 12-month average, which stood at $20.21bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $6.81bn. At the country level, the US topped the list in terms of deal value at $6.77bn.

In terms of volumes, Asia-Pacific emerged as the top region for oil & gas industry M&A deals globally, followed by North America and then Europe.

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The top country in terms of M&A deals activity in September 2020 was the US with 35 deals, followed by Panama with 14 and China with eight.

In 2020, as of the end of September 2020, oil & gas M&A deals worth $168.58bn were announced globally, marking a decrease of 48.1% year on year.

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

The top five oil & gas industry M&A deals accounted for 82.4% of the overall value during September 2020.

The combined value of the top five oil & gas M&A deals stood at $8.71bn, against the overall value of $10.58bn recorded for the month.

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

1) Merger of Devon Energy and WPX Energy for $5.35bn

2) The $1.15bn acquisition of Gas Connect Austria by Verbund

3) Yanzhou Coal Mining’s $975.83m acquisition of Yankuang Coal Chemicals International Trading, YANKUANG LUNAN CHEMICAL and Yankuang Yuling Fine Chemical

4) The $620m asset transaction with Dow by Vopak Industrial Infrastructure Americas

5) Abu Dhabi Investment Authority’s acquisition of Cheniere Energy for $615m.

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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