Total oil & gas industry M&A deals worth $5.3bn were announced in Europe in November 2022, led by Chart Industries’ $4.4bn acquisition of Howden Group, according to GlobalData’s deals database.

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The value marked an increase of 365.5% over the previous month of $1.13bn and a drop of 6.9% when compared with the last 12-month average of $5.65bn.

Europe held a 19.89% share of the global oil & gas industry M&A deal value that totalled $26.45bn in November 2022. With a 17.47% share and deals worth $4.62bn, 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 36 deals during November 2022, marking an increase of 24.14% over the previous month and a drop of 5.26% over the 12-month average. The UK recorded nine deals during the month.

Europe oil & gas industry M&A deals in November 2022: Top deals

The top five oil & gas industry M&A deals accounted for 96.1% of the overall value during November 2022.

The combined value of the top five oil & gas deals stood at $5.05bn, against the overall value of $5.3bn recorded for the month.

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

1) Chart Industries’s $4.4bn acquisition deal with Howden Group

2) The $330m acquisition of Total E&P Dunga by Oriental Sunrise

3) Yildirim Group’s $170m asset transaction deal with Elementis

4) The $121m asset transaction for Two Aframax Vessels by Navios Maritime Partners

5) Shandong Weifang Rainbow Chemical’s $33.44m acquisition deal with Exclusivas Sarabia