Total oil and gas industry deals for December 2019 worth $37.6 billion were announced globally, according to GlobalData’s deals database.
The value marked an increase of 204.9 per cent over the previous month and a rise of 6.6 per cent when compared with the last 12-month average of $35.26 billion.
In terms of number of deals, the sector saw a drop of 3.7 per cent 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 $17.88 billion.
The top five oil & gas deals accounted for 61.5 per cent of the overall value during December 2019.
The combined value of the top five oil and gas deals stood at $23.12 billion, against the overall value of $37.6 billion recorded for the month.
The top five oil and gas industry deals of December 2019 tracked by GlobalData were:
Enagas, National Pension Service, The Blackstone Group, GIC and Universities Superannuation Scheme’s $5.69 billion private equity deal with Tallgrass Energy;
The $5 billion asset transaction with Apache by Total;
HC Holdings and Showa Denko’s $4.51 billion acquisition of Hitachi Chemical;
The $4.4 billion asset transaction with Ecolab by Apergy; and
Lone Star Funds’ private equity deal with BASF Construction Chemicals (UK) for $3.52 billion. -- Tradearabia News Service