December 2019 saw oil and gas industry deals worth US$37.6 billion

The value marked an increase of 204.9% over the previous month and a rise of 6.6% when compared with the last 12 month average of US$35.26 billion.

In terms of number of deals, the sector saw a drop of 3.7% over the last 12 month average with 182 deals against the average of 189 deals. In value terms, North America led the activity with deals worth US$17.88 billion.

The top five oil and gas deals accounted for 61.5% of the overall value during December 2019. The combined value of the top five oil and gas deals stood at US$23.12 billion, against the overall value of US$37.6 billion recorded for the month.

The top five oil and gas industry deals of December 2019 tracked by GlobalData were:

1. Enagas, National Pension Service, The Blackstone Group, GIC and Universities Superannuation Scheme’s US$5.69 billion private equity deal with Tallgrass Energy.
2. The US$5 billion asset transaction with Apache by Total.
3. HC Holdings and Showa Denko’s US$4.51 billion acquisition of Hitachi Chemical.
4. The US$4.4 billion asset transaction with Ecolab by Apergy.
5. Lone Star Funds’ private equity deal with BASF Construction Chemicals (UK) for US$3.52 billion.

Read the article online at: https://www.hydrocarbonengineering.com/special-reports/13022020/december-2019-saw-oil-and-gas-industry-deals-worth-us376-billion/