Oil and gas industry M&A deals in February 2020 total US$5.6bn globally

32224602885 3982cc8933 wTotal oil and gas industry M&A deals in February 2020 worth US$5.6bn were announced globally, according to GlobalData’s deals database

The value marked a decrease of 37.8 per cent over the previous month and a drop of 82.9 per cent when compared with the last 12-month average, which stood at US$32.62bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth US$2.19bn. At the country level, the US topped the list in terms of deal value at US$2.04bn.

In terms of volumes, North America emerged as the top region for oil and gas industry M&A deals globally, followed by Asia-Pacific and then Europe.

The top country in terms of M&A deals activity in February 2020 was the US with 32 deals, followed by Canada with 11 and the UK with ten.

In 2020, as of the end of February 2020, oil and gas M&A deals worth US$14.59bn were announced globally, marking a decrease of 44.6 per cent y-o-y.

The top five oil and gas industry M&A deals accounted for 46.2 per cent of the overall value during February 2020.

The combined value of the top five oil and gas M&A deals stood at US$2.58bn, against the overall value of US$5.6bn recorded for the month.

The top five oil and gas industry deals of February 2020 tracked by GlobalData were:

-Eversource Energy’s US$1.1bn acquisition of Columbia Gas of Massachusetts

-The US$490.92mn acquisition of Viva Energy REIT by Charter Hall Group and Charter Hall Long WALE REIT

-Carrefour Brazil’s US$453.47m asset transaction with Makro Atacadista

-The US$280.5mn asset transaction by Euronav

- Elengy’s acquisition of Fosmax Lng for US$260mm.

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