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  1. Deals Analysis
August 29, 2022

Oil & Gas industry M&A deals total $9.1bn globally in July 2022

By Carmen

Total Oil & gas industry M&A deals worth $9.1bn were announced globally in July 2022, led by Shell USA’s $1.96bn acquisition of 31.5% stake in Shell Midstream Partners, according to GlobalData’s deals database.

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The value marked a decrease of 6.7% over the previous month of $9.7bn and a drop of 24.3% when compared with the last 12-month average, which stood at $11.96bn.

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 $4.97bn. At the country level, the US topped the list in terms of deal value at $4.4bn.

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 July 2022 was the US with 26 deals, followed by the China with 11 and Canada with eight.

In 2022, as of July, Oil & gas M&A deals worth $50.82bn were announced globally, marking an increase of 46.2% year on year.

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

The top five M&A deals accounted for 65.7% of the overall value during July 2022.

The combined value of the top five Oil & gas M&A deals stood at $5.94bn, against the overall value of $9.1bn recorded for the month.

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

1) Shell USA $1.96bn acquisition deal for 31.5% stake in Shell Midstream Partners

2) The $1.56bn acquisition of 50% stake in Shanghai SECCO Petrochemical by Ineos Group

3) PBF Energy $1.1bn acquisition deal for 52.3% stake in PBF Logistics

4) The $690.21m acquisition of 49% stake in Hefei Gas Group by China Resources Gas Investment (China)

5) China Petroleum & Chemical $631m acquisition deal for 50% stake with INEOS Styrolution Advanced Materials (Ningbo)

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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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