Total oil & gas industry M&A deals in Q4 2019 worth $1.75bn were announced in the UK, according to GlobalData’s deals database.
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The value marked an increase of 59.3% over the previous quarter and a drop of 32.3% when compared with the last four-quarter average of $2.59bn.
The UK held a 2.8% share of the global oil & gas industry M&A deal value that totalled $63.54bn in Q4 2019.
In terms of deal activity, the UK recorded 33 deals during Q4 2019, marking a rise of 17.9% over the previous quarter and a drop of 2.9% over the last four-quarter average.
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By GlobalDataThe UK oil & gas industry M&A deals in Q4 2019: Top deals
The top five oil & gas industry M&A deals accounted for 93.4% of the overall value during Q4 2019.
The combined value of the top five oil & gas M&A deals stood at $1.64bn, against the overall value of $1.75bn recorded for the month.
The top five oil & gas industry deals of Q4 2019 tracked by GlobalData were:
1) Seplat Petroleum DevelopmentPlc’s $596.68m acquisition of Eland Oil & Gas
2) The $415.6m asset transaction with Stolt-Nielsen by CMB Financial Leasing
3) GeoPark Colombia’s $314m acquisition of Amerisur Resources
4) The $280m asset transaction with Energean Oil & Gas by Neptune Energy Group
5) North Star Holdco’s asset transaction with SEACOR Marine Holdings for $32m.
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.