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  1. Deals Analysis
June 25, 2021

Oil & Gas industry M&A deals total $10.3bn globally in May 2021

By Nikitha Ladda

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.

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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.

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