Total oil & gas industry M&A deals worth $22bn were announced globally in November 2021, led by Sika’s $6bn acquisition of Master Builders Solutions Deutschland, according to GlobalData’s deals database.

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The value marked an increase of 36% over the previous month of $16.14bn and a rise of 53.8% when compared with the last 12-month average, which stood at $14.27bn.

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 $11.56bn. At the country level, the US topped the list in terms of deal value at $10.75bn.

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 November 2021 was the US with 24 deals, followed by the China with eight and Canada with four.

In 2021, as of November, oil & gas M&A deals worth $158.9bn were announced globally, marking an increase of 26.3% year on year.

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

The top five M&A deals accounted for 79.1% of the overall value during November 2021.

The combined value of the top five oil & gas M&A deals stood at $17.36bn, against the overall value of $22bn recorded for the month.

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

1) Sika $6bn acquisition deal with Master Builders Solutions Deutschland

2) The $5.2bn acquisition of Rogers by DuPont de Nemours

3) JERA Americas $2.5bn acquisition deal for 25.7% stake in Freeport LNG Development

4) The $1.85bn acquisition of GEP Haynesville by Southwestern Energy

5) Vitol Holding $1.81bn acquisition 64% stake in Vivo Energy