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  1. Deals Analysis
April 24, 2020

Oil & gas industry M&A deals in Q1 2020 total $2.08bn in UK

By Baghmar P

Total oil & gas industry M&A deals in Q1 2020 worth $2.08bn were announced in the UK, according to GlobalData’s deals database.

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The value marked an increase of 18.3% over the previous quarter and a drop of 3.9% when compared with the last four-quarter average of $2.17bn.

The UK held a 7.4% share of the global oil & gas industry M&A deal value that totalled $28.15bn in Q1 2020.

In terms of deal activity, the UK recorded 26 deals during Q1 2020, marking a drop of 25.7% over the previous quarter and a drop of 10.3% over the last four-quarter average.

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The UK oil & gas industry M&A deals in Q1 2020: Top deals

The top five oil & gas industry M&A deals accounted for 95.1% of the overall value during Q1 2020.

The combined value of the top five oil & gas M&A deals stood at $1.98bn, against the overall value of $2.08bn recorded for the month.

The top five oil & gas industry deals of Q1 2020 tracked by GlobalData were:

1) Anglo American’s $741.56m acquisition of Sirius Minerals

2) The $625m asset transaction with BP by Premier Oil

3) J.F. Lehman &’s $250m acquisition of Global Marine Group

4) The $246m asset transaction with Dana Petroleum (E&P) by Premier Oil

5) Kaefer Isoliertechnik GmbH & Co’s asset transaction with John Wood Group for $118m.

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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