Total oil & gas industry M&A deals in Q4 2020 worth $616.31m were announced in the UK, according to GlobalData’s deals database.

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The value marked a decrease of 28.9% over the previous quarter and a drop of 71.6% when compared with the last four-quarter average of $2.17bn.

The UK held a 0.8% share of the global oil & gas industry M&A deal value that totalled $73.03bn in Q4 2020.

In terms of deal activity, the UK recorded 29 deals during Q4 2020, marking a rise of 141.7% over the previous quarter and a rise of 16% over the last four-quarter average.

The UK oil & gas industry M&A deals in Q4 2020: Top deals

The top five oil & gas industry M&A deals accounted for 79.01% of the overall value during Q4 2020.

The combined value of the top five oil & gas M&A deals stood at $486.94m, against the overall value of $616.31m recorded for the month.

The top five oil & gas industry deals of Q4 2020 tracked by GlobalData were:

1) BW Group’s $197m acquisition of Navigator Holdings

2) The $160.2m asset transaction with SSE by RockRose Energy

3) Fortune Grind Shipping’s $45.56m asset transaction with Raina Shiptrade

4) The $44.18m acquisition of Addmaster Holdings by Polygiene

5) Luna Innovations’ acquisition of OptaSense for $40m.

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.