Total oil & gas industry M&A deals worth $9.4bn were announced globally in January 2022, led by Enterprise Products Partners‘ $3.25bn acquisition of Navitas Midstream Partners, according to GlobalData’s deals database.

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The value marked an increase of 67.1% over the previous month of $5.62bn and a drop of 32.2% when compared with the last 12-month average, which stood at $13.84bn.

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 $7.75bn. At the country level, the US topped the list in terms of deal value at $7.75bn.

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 January 2022 was the US with 22 deals, followed by the China with four and Germany with four.

In 2022, as of January, oil & gas M&A deals worth $9.39bn were announced globally, marking an increase of 25.6% year on year.

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

The top five M&A deals accounted for 79.9% of the overall value during January 2022.

The combined value of the top five oil & gas M&A deals stood at $7.5bn, against the overall value of $9.4bn recorded for the month.

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

1) Enterprise Products Partners $3.25bn acquisition deal with Navitas Midstream Partners

2) The $2.65bn acquisition of Chief E&D Holdings and Tug Hill by Chesapeake Energy

3) Enerflex $735m acquisition deal with Exterran

4) The $568.56m acquisition of 10% stake in Globaltek and Yakutskaya Toplivno-Energeticheskaya Kompaniya PAO by Zhejiang Energy International

5) Saudi Automotive Services $292.93m acquisition of 80% stake in Naft Services