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  1. Deals Analysis
May 19, 2021

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

By Carmen

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.

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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.

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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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