Total Oil & gas industry M&A deals worth $6.1bn were announced globally in May 2022, led by Petronas Chemicals Group’s $2.39bn acquisition of Perstorp Holding, according to GlobalData’s deals database.
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The value marked an increase of 55.2% over the previous month of $3.93bn and a drop of 51.5% when compared with the last 12-month average, which stood at $12.57bn.
Comparing M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $2.78bn. At the country level, the Sweden topped the list in terms of deal value at $2.39bn.
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 May 2022 was the US with 24 deals, followed by the UK with seven and Canada with six.
In 2022, as of May, Oil & gas M&A deals worth $33.87bn were announced globally, marking an increase of 44.4% year on year.
Oil & gas industry M&A deals in May 2022: Top deals
The top five M&A deals accounted for 77.1% of the overall value during May 2022.
The combined value of the top five Oil & gas M&A deals stood at $4.7bn, against the overall value of $6.1bn recorded for the month.
The top five Oil & gas industry M&A deals of May 2022 tracked by GlobalData were:
1) Petronas Chemicals Group $2.39bn acquisition deal with Perstorp Holding
2) The $800m acquisition of Cook Inlet Natural Gas Storage Alaska,ENSTAR Natural Gas and Norstar PipelineInc by TriSummit Utilities
3) Crestwood Midstream Partners $600m acquisition deal with Sendero Midstream Partners
4) The $513.42m acquisition of 54.3% stake in Hoegh LNG Partners by Hoegh LNG Holdings
5) Crestwood Equity Partners $395m acquisition deal with for 50% stake in Crestwood Permian Basin Holdings
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.