Total oil & gas industry M&A deals worth $7.83bn were announced in South and Central America in Q1 2021, led by New Fortress Energy’s $3.1bn acquisition of Hygo Energy Transition, according to GlobalData’s deals database.
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The value marked an increase of 255.9% over the previous quarter and a rise of 411.8% when compared with the last four-quarter average of $1.53bn.
South and Central America held a 12.84% share of the global oil & gas industry M&A deal value that totalled $60.97bn in Q1 2021. With an 8.66% share and deals worth $5.28bn, Bermuda was the top country in South and Central America’s M&A deal value across oil & gas industry.
In terms of deal activity, South and Central America recorded 31 deals during Q1 2021, marking a decrease of 26.19% over the previous quarter and a drop of 31.49% over the last four-quarter average. Brazil recorded eight deals during the quarter.
South and Central America oil & gas industry M&A deals in Q1 2021: Top deals
The top five oil & gas industry M&A deals accounted for 92.8% of the overall value during Q1 2021.
The combined value of the top five M&A deals stood at $7.27bn, against the overall value of $7.83bn recorded for the quarter.
The top five oil & gas industry deals of Q1 2021 tracked by GlobalData were:
1) New Fortress Energy’s $3.1bn acquisition of Hygo Energy Transition
2) The $1.9bn acquisition of Golar LNG Partners by New Fortress Energy
3) MC Brazil Downstream Participacoes’ $1.65bn asset transaction with Petroleo Brasileiro
4) The $400.61m acquisition of Compass Minerals America Do Sul Industria E Comercio by ICL Group
5) SPE Miranga’s asset transaction with Petroleo Brasileiro for $220.1m.