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  1. Deals Analysis
February 26, 2021

Oil & Gas industry M&A deals total $10bn globally in January 2021

By Baghmar P

Total oil & gas industry M&A deals worth $10bn were announced globally in January 2021, led by New Fortress Energy’s $3.1bn acquisition of Hygo Energy Transition, according to GlobalData’s deals database.

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The value marked a decrease of 63.2% over the previous month of $27.17bn and a drop of 51.2% when compared with the last 12-month average, which stood at $20.51bn.

Comparing M&A deals value in different regions of the globe, South and Central America held the top position, with total announced deals in the period worth $5.21bn. At the country level, the Bermuda topped the list in terms of deal value at $5.14bn.

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 January 2021 was the US with 30 deals, followed by the UK with eight and Canada with eight.

In 2021, as of January, oil & gas M&A deals worth $10bn were announced globally, marking an increase of 5.9% year on year.

oil & gas industry M&A deals in January 2021: Top deals

The top five M&A deals accounted for 68.8% of the overall value during January 2021.

The combined value of the top five oil & gas M&A deals stood at $6.88bn, against the overall value of $10bn recorded for the month.

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

1) New Fortress Energy’s $3.1bn acquisition of Hygo Energy Transition

2) The $1.9bn acquisition of Golar LNG Partners by New Fortress Energy

3) Heirs Holdings and Transnational Corporation of Nigeria’s $802m asset transaction with Eni, Shell Petroleum Developmentof Nigeria Ltd and Total E&P Nigeria

4) The $614.14m acquisition of Scapa Group by AMS Holdco 2

5) Enerplus’ acquisition of Bruin E&P HoldCo for $465m.

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