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
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