Total oil & gas industry M&A deals worth $15.3bn were announced globally in April 2021, led by Pioneer Natural Resources‘ $6.2bn acquisition of DoublePoint Energy, according to GlobalData’s deals database.
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The value marked a decrease of 9.3% over the previous month of $16.89bn and a drop of 36.8% when compared with the last 12-month average, which stood at $24.22bn.
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 $10.96bn. At the country level, the US topped the list in terms of deal value at $10.15bn.
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 April 2021 was the US with 55 deals, followed by the UK with ten and Norway with eight.
In 2021, as of April, oil & gas M&A deals worth $77.78bn were announced globally, marking an increase of 150.3% year on year.
oil & gas industry M&A deals in April 2021: Top deals
The top five M&A deals accounted for 69.5% of the overall value during April 2021.
The combined value of the top five oil & gas M&A deals stood at $10.65bn, against the overall value of $15.3bn recorded for the month.
The top five oil & gas industry M&A deals of April 2021 tracked by GlobalData were:
1) Pioneer Natural Resources $6.2bn acquisition deal with DoublePoint Energy
2) The $2.15bn asset transaction of CenterPoint Energy Resources by Summit Utilities
3) Mubadala Petroleum $1.1bn asset transaction deal with Delek DrillingPartnership
4) The $600m acquisition of Puma Energy Holdings by Trafigura
5) Sonangol EP $600m asset transaction deal with Puma Energy Holdings