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  1. Deals Analysis
March 27, 2021

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

By Carmen

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.

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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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