Led by The Carlyle Group’s $825m asset transaction with Occidental Petroleum, South and Central America’s oil & gas industry saw a drop of 27.78% in cross border deal activity during Q4 2020, when compared to the last four-quarter average, according to GlobalData’s deals database.
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A total of 26 cross border deals worth $1.2bn were announced for the region during Q4 2020, against the last four-quarter average of 36 deals.
Of all the deal types, M&A saw most activity in Q4 2020 with 26, representing a 100% share for the region.
In terms of value of cross border deals, M&A was the leading category in Colombia’s oil & gas industry with $1.09bn.
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By GlobalDataSouth and Central America oil & gas industry cross border deals in Q4 2020: Top deals
The top five oil & gas cross border deals accounted for an 84.16% share of the overall value during Q4 2020.
The combined value of the top five cross border deals stood at $1.01bn, against the overall value of $1.2bn recorded for the quarter.
The top five oil & gas industry cross border deals of Q4 2020 tracked by GlobalData were:
1) The Carlyle Group’s $825m asset transaction with Occidental Petroleum
2) The $61.7m acquisition of Petrobras Uruguay Distribuicion by Disa Corporacion Petrolifera
3) Navios Maritime Partners’ $51m asset transaction with Navios Maritime Holdings
4) The $46m asset transaction deal with by Neda Maritime Agency
5) PT Soechi Lines’ asset transaction with Mitsui O.S.K. Lines for $23.5m.
