Total oil & gas industry M&A deals worth $3.02bn were announced in Europe in February 2021, led by NEO Energy’s $1.3bn asset transaction with Exxon Mobil, according to GlobalData’s deals database.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all
  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

The value marked an increase of 68.7% over the previous month of $1.79bn and a rise of 2.4% when compared with the last 12-month average of $2.95bn.

Europe held a 12.18% share of the global oil & gas industry M&A deal value that totalled $24.79bn in February 2021. With an 11.05% share and deals worth $2.74bn, the UK was the top country in Europe’s M&A deal value across oil & gas industry.

In terms of M&A deal activity, Europe recorded 26 deals during February 2021, marking a decrease of 7.14% over the previous month and a drop of 25.71% over the 12-month average. The UK recorded 13 deals during the month.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

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

The top five oil & gas industry M&A deals accounted for 96.03% of the overall value during February 2021.

The combined value of the top five oil & gas deals stood at $2.9bn, against the overall value of $3.02bn recorded for the month.

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

1) NEO Energy’s $1.3bn asset transaction with Exxon Mobil

2) The $1.02bn asset transaction with ASDA Group by EG Group

3) EnQuest’s $375m acquisition of North Sea (Golden Eagle) Resources

4) The $187.85m asset transaction with TietoEVRY by Aucerna

5) PetroNor E&P’s asset transaction with Hemla Africa Holding for $18m.