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  1. Deals Analysis
February 23, 2022

Oil & Gas industry M&A deals total $9.4bn globally in January 2022

By Carmen

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

Related Companies

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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