Total oil & gas industry M&A deals worth $35.9bn were announced globally in September 2022, led by Capricorn Energy’s $7.16bn acquisition of NewMed EnergyPartnership, according to GlobalData’s deals database.

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The value marked an increase of 189% over the previous month of $12.41bn and a rise of 56.4% when compared with the last 12-month average, which stood at $22.93bn.

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 $15.56bn. At the country level, the US topped the list in terms of deal value at $13.38bn.

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.

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The top country in terms of M&A deals activity in September 2022 was the US with 45 deals, followed by the Panama with nine and Marshall Islands with eight.

In 2022, as of September, oil & gas M&A deals worth $174.77bn were announced globally, marking an increase of 21.04% year on year.

oil & gas industry M&A deals in September 2022: Top deals

The top five M&A deals accounted for 64.03% of the overall value during September 2022.

The combined value of the top five oil & gas M&A deals stood at $22.96bn, against the overall value of $35.9bn recorded for the month.

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

1) Capricorn Energy’s $7.16bn acquisition deal with NewMed EnergyPartnership

2) The $5.2bn asset transaction of THQ Appalachia I and Xcl Midstream by EQT

3) EIG Global Energy Partners’s $4.8bn asset transaction deal for 25% stake in Repsol

4) The $3.8bn acquisition of 50% stake in KMG Kashagan by NationalKazMunayGas

5) IKAV Capital Partners’s $2bn acquisition deal with Mobil California Exploration & Producing Asset