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  1. Deals Analysis
July 16, 2019

Oil & gas industry M&A deals in Q2 2019 total $4.83bn in UK

Total oil & gas industry M&A deals in Q2 2019 worth $4.83bn were announced in the UK, according to GlobalData’s deals database.

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The value marked an increase of 394.3% over the previous quarter and a rise of 59.7% when compared with the last four-quarter average of $3.02bn.

The UK held a 3.6% share of the global oil & gas industry M&A deal value that totalled $135.96bn in Q2 2019.

In terms of deal activity, the UK recorded 27 deals during Q2 2019, marking a rise of 17.4% over the previous quarter and a drop of 27.03% over the last four-quarter average.

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The UK oil & gas industry M&A deals in Q2 2019: Top deals

The top five oil & gas industry M&A deals accounted for 98.9% of the overall value during Q2 2019.

The combined value of the top five oil & gas industry M&A deals stood at $4.77bn, against the overall value of $4.83bn recorded for the quarter. The top announced oil & gas industry M&A deal tracked by GlobalData in Q2 2019 was Chrysaor Holdings’ $2.68bn asset transaction with ConocoPhillips.

In second place was the $2bn acquisition of Chevron North Sea by Ithaca Energy and in third place was Pelidona Services’ $46.55m stake acquisition of Regal Petroleum.

The $30.51m acquisition of Rainbow Leap by Goldlink Capital and Joyful Treasure Enterprises’ acquisition of Ample One for $21.2m held fourth and fifth positions, respectively.

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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