Oil & Gas industry M&A deals total $24.79bn globally in February 2021

27 March 2021 (Last Updated March 27th, 2021 18:02)

Total oil & gas industry M&A deals worth $24.79bn were announced globally in February 2021, led by Energy Transfer’s $7.2bn acquisition of Enable Midstream Partners, according to GlobalData’s deals database.

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The value marked an increase of 145.5% over the previous month of $10.1bn and a rise of 16.4% when compared with the last 12-month average, which stood at $21.29bn.

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 $16.35bn. At the country level, the US topped the list in terms of deal value at $11.14bn.

In terms of volumes, North America emerged as the top region for oil & gas industry M&A deals globally, followed by Europe and then Asia-Pacific.

The top country in terms of M&A deals activity in February 2021 was the US with 35 deals, followed by the UK with 13 and Canada with 12.

In 2021, as of February, oil & gas M&A deals worth $34.89bn were announced globally, marking an increase of 126.9% year on year.

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

The top five M&A deals accounted for 65.04% of the overall value during February 2021.

The combined value of the top five oil & gas M&A deals stood at $16.12bn, against the overall value of $24.79bn recorded for the month.

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

1) Energy Transfer’s $7.2bn acquisition of Enable Midstream Partners

2) The $3.69bn merger of ARC Resources and Seven Generations Energy by

3) PTTEP Mena’s $2.59bn asset transaction with BP Exploration (Epsilon)

4) The $1.34bn acquisition of Numaligarh Refinery by Engineers India, Government of Assam and Oil India

5) NEO Energy’s asset transaction with Exxon Mobil for $1.3bn.