Total oil & gas industry M&A deals worth $24.7bn were announced globally in June 2021, led by Pembina Pipeline’s $12.59bn acquisition of Inter Pipeline, according to GlobalData’s deals database.
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The value marked an increase of 123.1% over the previous month of $11.09bn and a rise of 63% when compared with the last 12-month average, which stood at $15.18bn.
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 $22.33bn. At the country level, the Canada topped the list in terms of deal value at $14.67bn.
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 June 2021 was the US with 22 deals, followed by the Canada with 12 and China with six.
In 2021, as of June, oil & gas M&A deals worth $84.89bn were announced globally, marking an increase of 143.5% year on year.
oil & gas industry M&A deals in June 2021: Top deals
The top five M&A deals accounted for 78.3% of the overall value during June 2021.
The combined value of the top five oil & gas M&A deals stood at $19.36bn, against the overall value of $24.7bn recorded for the month.
The top five oil & gas industry M&A deals of June 2021 tracked by GlobalData were:
1) Pembina Pipeline’s $12.59bn acquisition of Inter Pipeline
2) The $2.7bn acquisition of Indigo Natural Resources by Southwestern Energy
3) EverArc Holdings’ $2bn acquisition of Perimeter Solutions
4) The $1.06bn acquisition of Crestone Peak Resources by Civitas Resources
5) Kerry Group’s acquisition of Niacet for $1.01bn.
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.