Oil & Gas industry M&A deals total $1.3bn in Asia-Pacific in April 2021

Total oil & gas industry M&A deals worth $1.3bn were announced in Asia-Pacific in April 2021, led by Trafigura’s $600m acquisition of Puma Energy Holdings, according to GlobalData’s deals database.

The value marked a decrease of 56.8% over the previous month of $2.94bn and a drop of 82.5% when compared with the last 12-month average of $7.27bn.

Asia-Pacific held an 8.29% share of the global oil & gas industry M&A deal value that totalled $15.32bn in April 2021. With a 4.39% share and deals worth $672.8m, Singapore was the top country in Asia-Pacific’s M&A deal value across oil & gas industry.

In terms of M&A deal activity, Asia-Pacific recorded 32 deals during April 2021, marking a decrease of 8.57% over the previous month and a drop of 20.00% over the 12-month average. China recorded seven deals during the month.

Asia-Pacific oil & gas industry M&A deals in April 2021: Top deals

The top five oil & gas industry M&A deals accounted for 66.3% of the overall value during April 2021.

The combined value of the top five oil & gas deals stood at $842.22m, against the overall value of $1.3bn recorded for the month.

The top five oil & gas industry M&A deals of April 2021 tracked by GlobalData were:

1) Trafigura’s $600m acquisition of 31.78% stake in Puma Energy Holdings

2) The $140m acquisition of EOG Resources China by Roc Oil Holdings (Cayman Islands)

3) Empire Energy Group’s $42.22m acquisition of Pangaea Resources

4) The $30m asset transaction with Overseas Shipholding Group by Eastern Pacific Shipping

5) Trafigura Group’s acquisition of Nord Larkspur Tanker for $30m.