GlobalData’s latest thematic report, ‘M&A in Oil and Gas (2017–Q1 2020)’ suggests that, in the short term, Covid-19 is likely to impact deal activity in the oil and gas sector. This may lead to a drop in the number of announced deals in each quarter and their deal value.

In Q1 2020, a total of 14 M&A deals with a transaction value of $50m or more were announced in the global oil and gas space. These deals had a combined transaction value of $4.2bn, which was down 80% when compared to Q4 2019 and 95% down compared to Q1 2019.

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