The global upstream market witnessed 42 mergers and acquisition (M&A) transactions worth $9.4bn in August 2017, according to a report by GlobalData.
Titled ‘Monthly Upstream Deals Review – August 2017‘, the report provides an overview of the global M&A activity during the month of August.
Five deals each valued at $100m were registered during the month, with a combined projected worth of $8.9bn.
Comparatively, July witnessed 13 deals valued more than $100m that had a combined value of $9.1bn.
In terms of deal volume, the Americas led the global M&A activity with 30 deals accounting for a share of 71%. The EMEA led the M&A market in terms of value with a share of 83% from nine deals totalling $7.8bn.
The top deal registered during the month was Total’s plans to acquire Maersk Olie og Gas from AP Moller for $7.5bn.