South and Central America’s oil & gas industry saw a drop of 33.69% in deal activity in Q1 2021

Led by $3.1bn acquisition of Hygo Energy Transition, South and Central America’s oil & gas industry saw a drop of 33.69% in deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.

 

A total of 31 deals worth $7.83bn were announced for the region during Q1 2021, against the last four-quarter average of 46.75 deals.

Of all the deal types, M&A saw most activity in Q1 2021 with 31 deals, representing a 100% share for the region.

In terms of value of deals, M&A was the leading category in South and Central America’s oil & gas industry with $7.83bn.

South and Central America oil & gas industry deals in Q1 2021: Top deals

The top five oil & gas deals accounted for a 92.8% share of the overall value during Q1 2021.

The combined value of the top five deals stood at $7.27bn, against the overall value of $7.83bn recorded for the quarter.

The top five oil & gas industry 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 Golar LNG Partners by New Fortress Energy

3) MC Brazil Downstream Participacoes’ $1.65bn asset transaction with Petroleo Brasileiro

4) The $400.61m acquisition deal with Compass Minerals America Do Sul Industria E Comercio by ICL Group

5) SPE Miranga’s asset transaction with Petroleo Brasileiro for $220.1m.