Analysis of the key themes driving private equity deal activity reveals that environmental sustainability accounted for 4 oil & gas deals announced in Q1 2024, worth a total value of $1.1bn. The $1.1bn institutional buy-out (ibo) Portland Natural Gas Transmission System by BlackRock and Morgan Stanley Infrastructure Partners was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes and the Private Equity deal activity are included in GlobalData’s Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.

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In value terms, environmental sustainability-related deal activity increased by 10% in Q1 2024 compared with the previous quarter’s total of $1bn. Related deal volume increased by 33% in Q1 2024 versus the previous quarter and was 300% higher than in Q1 2023.

The top-ranked financial advisors supporting these private equity deals in Q1 2024 were Barclays; Imperial Capital; Moelis & Co with 1, 1, 1 deals respectively.

The top-ranked legal advisors supporting these private equity deals in Q1 2024 were Baker Botts; Bracewell; Willkie Farr & Gallagher with 1, 1, 1 deals respectively.

For further understanding of GlobalData's Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes in Q1 2024 – Thematic Intelligence, buy the report here.

This content was updated on 23 April 2024

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.