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  1. Deals Analysis
November 30, 2021

Oil & Gas industry M&A deals total $16.1bn globally in October 2021

By Baghmar P

Total oil & gas industry M&A deals worth $16.1bn were announced globally in October 2021, led by Ecolab’s $3.7bn acquisition of Purolite, according to GlobalData’s deals database.

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The value marked an increase of 25.1% over the previous month of $12.89bn and a rise of 8.1% when compared with the last 12-month average, which stood at $14.91bn.

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 $12.44bn. At the country level, the US topped the list in terms of deal value at $12.24bn.

In terms of volumes, North America emerged as the top region for oil & gas industry M&A deals globally, followed by Asia-Pacific and then Europe.

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The top country in terms of M&A deals activity in October 2021 was the US with 25 deals, followed by the China with six and the UK with six.

In 2021, as of October, oil & gas M&A deals worth $134.81bn were announced globally, marking an increase of 20.5% year on year.

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

The top five M&A deals accounted for 78.5% of the overall value during October 2021.

The combined value of the top five oil & gas M&A deals stood at $12.66bn, against the overall value of $16.1bn recorded for the month.

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

1) Ecolab $3.7bn acquisition deal with Purolite

2) The $3.4bn acquisition of 29.8% stake in Phillips 66 Partners by Phillips 66

3) Southwest Gas Holding $1.98bn acquisition deal with Dominion Energy Questar Pipeline

4) The $1.8bn acquisition of Oasis Midstream Partners by Crestwood Equity Partners

5) Ampol $1.78bn acquisition deal with Z Energy

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