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In the Australian oil & gas industry, there were 8 M&A deals announced in Q3 2023, worth a total value of $905.9m, according to GlobalData’s Deals Database. The $880m acquisition of Woodside Energy Group by LJ Scarborough was the industry’s largest disclosed deal. GlobalData’s Oil and Gas Industry Mergers and Acquisitions Deals report for Q3 2023 uncovers key trends behind the oil & gas market M&A deals and helps gain a comprehensive understanding of the disruptive themes driving most notable to deals. Buy the report here.

In value terms, M&A activity in Australia increased by 13% in Q3 2023 compared with the previous quarter’s total of $799.8m and rose by 113% as compared to Q3 2022. Related deal volume increased by 33% in Q3 2023 versus the previous quarter and was 33% lower than in Q3 2022.

The top-ranked financial advisors supporting these M&A deals in Australia in Q3 2023 were Goldman Sachs Group; Groupe BPCE; JPMorgan Chase & Co with 1, 1, 1 deals respectively.

The top-ranked legal advisorss supporting these M&A deals in Australia Q3 2023 were Baker Botts; Clifford Chance; Dentons UK and Middle East with 1, 1, 1 deals respectively.

For further understanding of GlobalData's Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.

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By GlobalData

This content was updated on 20 October 2023