Global oil & gas industry deals total $9.68bn in January 2020

The value marked a decrease of 74.9% over the previous month and a drop of 74.3% when compared with the last 12-month average of $37.66bn

M&A, Deals, GlobalData

Total oil & gas industry deals for January 2020 worth $9.68bn were announced globally, according to GlobalData’s deals database.

The value marked a decrease of 74.9% over the previous month and a drop of 74.3% when compared with the last 12-month average of $37.66bn.

In terms of number of deals, the sector saw a drop of 11.8% over the last 12-month average with 165 deals against the average of 187 deals.

In value terms, North America led the activity with deals worth $5.3bn.

The top five oil & gas deals accounted for 56.2% of the overall value during January 2020.

The combined value of the top five oil & gas deals stood at $5.45bn, against the overall value of $9.68bn recorded for the month.

The top five oil & gas industry deals of January 2020 tracked by GlobalData were:

  • Illuminate Buyer’s $2.73bn acquisition of Lummus Technology
  • The $954m asset transaction with Sinotrans & CSC Holdings by China Merchants Energy Shipping
  • Anglo American’s $741.56m acquisition of Sirius Minerals
  • The $625m asset transaction with BP by Premier Oil
  • EnCap Flatrock Midstream’s private equity deal with Edgewater Midstream for $400m.

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