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  1. Deals Analysis
May 11, 2021

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

By Carmen

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.

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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.

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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