GlobalData, a leading data and analytics company, has revealed its global league tables for top 10 financial advisers in oil and gas sector by value and volume for Q1-Q3 2021 in its report, ‘Global and Oil  & Gas M&A Report Financial Adviser League Tables Q1-Q3 2021’.

According to GlobalData’s M&A report, a total of 1,257 merger and acquisition (M&A) deals were announced in the sector during Q1-Q3 2021, while deal value for the sector increased by 16.1% from $192bn during Q1-Q3 2020 to $223bn in during Q1-Q3 2021.

Top advisers by value and volume

JP Morgan was the top financial adviser for M&A by both value and volume in the oil & gas sector for Q1-Q3 2021. It advised on 22 deals worth $47.7bn.

GlobalData lead analyst Aurojyoti Bose said: JP Morgan faced tough competition from Citi as these were the only two firms to advise on more than 20 deals, while also managing to cross the $40bn mark.

“JP Morgan advised on ten deals valued more than or equal to $1bn, while Citi advised on eight such deals. However, JP Morgan’s involvement in Saudi Aramco’s sale of a 49% stake in Aramco Oil Pipelines to EIG Global Energy for $12.4bn made all the difference to the financial adviser, helping it secure the top position. Meanwhile, Citi settled for second position by both value and volume.”

Goldman Sachs occupied the third position by value, with eight deals worth $32.9bn, followed by RBC Capital Markets, with 22 deals worth $30.5bn, and Perella Weinberg Partners, with 13 deals worth $22.7bn.

RBC Capital Markets occupied the third position by volume, while Jefferies ranked fourth by volume – with 17 deals worth $7.5bn. Perella Weinberg Partners also occupied the fifth position by volume.

GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory firm websites and other reliable sources available on the secondary domain. A dedicated team of analysts monitors all these sources to gather in-depth details for each deal, including adviser names.

To ensure further robustness to the data, the company also seeks submissions from leading advisers, through adviser submission forms on GlobalData’s website.