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.