The global upstream market witnessed 43 mergers and acquisition (M&A) transactions with a combined value of $12.6bn in September 2017, according to a report by GlobalData.
Titled ‘Monthly Upstream Deals Review – September 2017’, the report provides an overview of the global M&A activity during the month of September.
A total of nine deals valued at more than $100m each and totalling $12.4bn were registered during the month, compared with six deals with a combined value of $9.2bn in August.
In terms of deal volume, the Americas led the global M&A activity with 25 deals, representing 58% of global deals, while the EMEA led in terms of value with a 72% share from 12 deals worth $9.1bn in total.
CEFC China’s agreement to acquire Rosneft from Glencore and Qatar Investment for approximately $9.1bn was the top deal registered in the EMEA region.