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  1. Deals Analysis
May 23, 2022

Oil & Gas industry M&A deals total $3.9bn globally in April 2022

By Carmen

Total Oil & gas industry M&A deals worth $3.9bn were announced globally in April 2022, led by Ithaca Energy’s $1.46bn acquisition of Siccar Point Energy, according to GlobalData’s deals database.

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The value marked a decrease of 56.9% over the previous month of $9.12bn and a drop of 69.6% when compared with the last 12-month average, which stood at $12.91bn.

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 $1.62bn. At the country level, the US topped the list in terms of deal value at $1.55bn.

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

The top country in terms of M&A deals activity in April 2022 was the US with 12 deals, followed by the UK with four and China with three.

In 2022, as of April, Oil & gas M&A deals worth $27.03bn were announced globally, marking an increase of 46.5% year on year.

Oil & gas industry M&A deals in April 2022: Top deals

The top five M&A deals accounted for 81.5% of the overall value during April 2022.

The combined value of the top five Oil & gas M&A deals stood at $3.21bn, against the overall value of $3.9bn recorded for the month.

The top five Oil & gas industry M&A deals of April 2022 tracked by GlobalData were:

1) Ithaca Energy $1.46bn acquisition deal with Siccar Point Energy

2) The $624.7m acquisition of 3Bear Delaware Holding-NM by Delek Logistics Partners

3) Ergon $552.7m acquisition deal for 68% stake in Blueknight Energy Partners

4) The $369m acquisition of (Sub) and Sundance Energy by SilverBow Resources

5) Adani Ports and Special Economic Zone $201.04m acquisition deal with Ocean Sparkle

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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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