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  1. Deals Analysis
March 17, 2021updated 25 Mar 2021 2:12am

Oil & Gas industry M&A deals total $2.16bn in Asia-Pacific in February 2021

By Carmen

Total oil & gas industry M&A deals worth $2.16bn were announced in Asia-Pacific in February 2021, led by Engineers India, Government of Assam and Oil India’s $1.34bn acquisition of Numaligarh Refinery, according to GlobalData’s deals database.

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The value marked an increase of 376.8% over the previous month of $453.96m and a drop of 69.5% when compared with the last 12-month average of $7.07bn.

Asia-Pacific held an 8.71% share of the global oil & gas industry M&A deal value that totalled $24.79bn in February 2021. With a 6.82% share and deals worth $1.69bn, India was the top country in Asia-Pacific’s M&A deal value across oil & gas industry.

In terms of M&A deal activity, Asia-Pacific recorded 23 deals during February 2021, marking a decrease of 8.00% over the previous month and a drop of 42.50% over the 12-month average. India recorded six deals during the month.

Asia-Pacific oil & gas industry M&A deals in February 2021: Top deals

The top five oil & gas industry M&A deals accounted for 86.3% of the overall value during February 2021.

The combined value of the top five oil & gas deals stood at $1.86bn, against the overall value of $2.16bn recorded for the month.

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

1) Engineers India, Government of Assam and Oil India’s $1.34bn acquisition of Numaligarh Refinery

2) The $280m asset transaction with Zuari Agro Chemicals by Paradeep Phosphates

3) CSSC Hong Kong Shipping’s $145.6m asset transaction with Navig8 Chemical Tankers

4) The $51.08m asset transaction with Shandong Gaomi Gaoyuan Chemical by Vosges Holding Group

5) NGM Energy’s acquisition of Suez Fuzeyya And Suez Vasilis Tankers for $50m.

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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.

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