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  1. Deals Analysis
February 26, 2021

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

By Carmen

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.

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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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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