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  1. Deals Analysis
December 23, 2021updated 03 Feb 2022 1:44pm

Oil & Gas industry M&A deals total $22bn globally in November 2021

By Carmen

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

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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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