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

Published by , Editorial Assistant
Hydrocarbon Engineering,

Total oil and gas industry deals for December 2019 worth US$37.6 billion were announced globally, according to GlobalData’s deals database.

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.

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Downstream news Downstream contract news