Total oil & gas industry M&A deals worth $10.3bn were announced globally in May 2021, led by EQT’s $2.93bn acquisition of Alta Marcellus Development and Ard Operating, according to GlobalData’s deals database.
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The value marked an increase of 8.7% over the previous month of $9.51bn and a drop of 28.9% when compared with the last 12-month average, which stood at $14.54bn.
Comparing M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $7.16bn. At the country level, the US topped the list in terms of deal value at $6.85bn.
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.
The top country in terms of M&A deals activity in May 2021 was the US with 26 deals, followed by the Canada with seven and China with four.
In 2021, as of May, oil & gas M&A deals worth $58.41bn were announced globally, marking an increase of 148.6% year on year.
oil & gas industry M&A deals in May 2021: Top deals
The top five M&A deals accounted for 76.4% of the overall value during May 2021.
The combined value of the top five oil & gas M&A deals stood at $7.9bn, against the overall value of $10.3bn recorded for the month.
The top five oil & gas industry M&A deals of May 2021 tracked by GlobalData were:
1) EQT’s $2.93bn acquisition of Alta Marcellus Development and Ard Operating
2) The $2.1bn acquisition of Ferro by Prince International
3) Kinder Morgan’s $1.23bn acquisition of Stagecoach Gas Services
4) The $1.06bn acquisition of Japan Synthetic Rubber Spin-off Preparation by ENEOS
5) Petroleos Mexicanos’ acquisition of Deer Park Refining for $596m.
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.