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.
- Embed this chart
Embed this chart into your website
Copy and paste the image source into your website to display the chart.
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.
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
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.