Led by $3.1bn acquisition of Hygo Energy Transition, South and Central America’s oil & gas industry saw a drop of 29.93% in cross border deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.
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A total of 24 cross border deals worth $5.77bn were announced for the region during Q1 2021, against the last four-quarter average of 34.25 deals.
Of all the deal types, M&A saw most activity in Q1 2021 with 24 deals, representing a 100% share for the region.
In terms of value of cross border deals, M&A was the leading category in South and Central America’s oil & gas industry with $5.77bn.
South and Central America oil & gas industry cross border deals in Q1 2021: Top deals
The top five oil & gas cross border deals accounted for a 96.6% share of the overall value during Q1 2021.
The combined value of the top five cross border deals stood at $5.57bn, against the overall value of $5.77bn recorded for the quarter.
The top five oil & gas industry cross border deals of Q1 2021 tracked by GlobalData were:
1) New Fortress Energy’s $3.1bn acquisition of 100% stake in Hygo Energy Transition
2) The $1.9bn acquisition of 100% stake in Golar LNG Partners by New Fortress Energy
3) ICL Group’s $400.61m acquisition of Compass Minerals America Do Sul Industria E Comercio
4) The $132.13m asset transaction deal with Team Tankers Deep Sea by Torm
5) The $38.4m Argent Bloom and Liberty tankers asset transaction deal by EGD Chemical.