Total oil & gas industry M&A deals worth $15.45bn were announced globally in March 2021, led by MC Brazil Downstream Participacoes’ $1.65bn asset transaction with Petroleo Brasileiro, according to GlobalData’s deals database.
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The value marked a decrease of 56.4% over the previous month of $35.42bn and a drop of 35% when compared with the last 12-month average, which stood at $23.76bn.
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 $5.22bn. At the country level, the US topped the list in terms of deal value at $3.9bn.
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 March 2021 was the US with 44 deals, followed by the Canada with 20 and the UK with 16.
In 2021, as of March, oil & gas M&A deals worth $60.97bn were announced globally, marking an increase of 126.7% year on year.
oil & gas industry M&A deals in March 2021: Top deals
The top five M&A deals accounted for 38.5% of the overall value during March 2021.
The combined value of the top five oil & gas M&A deals stood at $5.94bn, against the overall value of $15.45bn recorded for the month.
The top five oil & gas industry M&A deals of March 2021 tracked by GlobalData were:
1) MC Brazil Downstream Participacoes’ $1.65bn asset transaction with Petroleo Brasileiro
2) The $1.32bn acquisition of Noble Midstream Partners by Chevron
3) The $1.07bn merger of Secure Energy Services and Tervita
4) The $981m merger of Diamond S Shipping and International Seaways
5) Capricorn Egypt and Cheiron Holdings Egypt’s asset transaction with Shell Austria and Shell Egypt for $926m.