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In the British oil & gas industry, there were 20 M&A deals announced in Q3 2023, worth a total value of $819.4m, according to GlobalData’s Deals Database. The $730m acquisition of Assala Energy by Etablissements Maurel & Prom 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 the UK decreased by 89% in Q3 2023 compared with the previous quarter’s total of $7.7bn and fell by 40% as compared to Q3 2022. Related deal volume increased by 18% in Q3 2023 versus the previous quarter and was 5% higher than in Q3 2022.

The top-ranked financial advisors supporting these M&A deals in the UK in Q3 2023 were Houlihan Lokey; Rothschild & Co; Morgan Stanley with 3, 3, 2 deals respectively.

The top-ranked legal advisorss supporting these M&A deals in the UK Q3 2023 were Addleshaw Goddard; CMS Legal Services EEIG; Ashurst with 3, 3, 2 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