Report: Capital raising for equipment and services highest in Americas in Q4 2016

30 March 2017 (Last Updated March 30th, 2017 18:30)

The Americas have witnessed the highest capital raising activity for oil and gas equipment and services globally during the fourth quarter of 2016, according to a report by GlobalData.

Report: Capital raising for equipment and services highest in Americas in Q4 2016

Americas witnessed the highest capital raising activity for oil and gas equipment and services globally during the fourth quarter of 2016, according to a report by GlobalData.

Entitled Quarterly Equipment and Services Capital Raising Review – Q4 2016, the report provides a quarterly review of capital raising activity for oil and gas equipment and services globally.

The global equipment and services capital raising activity totalled $10.7bn from 61 transactions, led by Americas. From the 61 transactions, 25 deals were greater than $100m in value and accounted for $9.6bn in total, states the report.

"The global equipment and services capital raising activity totalled $10.7bn from 61 transactions."

Comparatively, GlobalData’s previous report in Q3 2016 put the number of deals worth more than $100m at 11 with a total value of $3.8bn.

In terms of volume and value, the Americas region led the market with 61% and 60% shares respectively. The region recorded a total of 37 deals with a combined value of $6.4bn.

The top deal registered during the quarter was Noble Corporation’s public offering of 7.75% senior unsecured notes for gross proceeds of $1bn.