Total oil and gas industry deals for Q2 2020 worth US$28.01bn were announced globally, according to GlobalData’s deals database
The value was 106.2 per cent higher than the previous quarter and 68.1 per cent lower than the last four-quarter average of US$87.85bn.
In terms of number of deals, the sector saw a 30.5 per cent drop over the last four-quarter average with 405 deals against the average of 583 deals. In value terms, Middle East and Africa led the activity with deals worth US$11.29bn.
Oil and gas industry top deals in Q2 2020: The top five oil and gas deals accounted for 63.6 per cent of the overall value during Q2 2020. The combined value of the top five oil and gas deals stood at US$17.83bn, compared with the total recorded monthly value of US$28.01bn.
The top five oil and gas industry deals of Q2 2020 tracked by GlobalData were:
-Brookfield Asset Management, GIC, Global Infrastructure Management, NH Investment & Securities, Ontario Teachers’ Pension Plan and Snam’s US$10.1bn acquisition of ADNOC Gas Pipeline Assets
-The US$5bn asset transaction with BP by Ineos Group
-Bluescape Energy Partners, Elliott Management and Fidelity Management & Research’s US$1.4bn private equity deal with CenterPoint Energy
-The US$750mn private equity deal with DoublePoint Energy by Apollo Global Management, Double Eagle Energy Holdings, FourPoint Energy, Magnetar Capital and Quantum Energy Partners
-Total’s asset transaction with Tullow Uganda and Tullow Uganda Operations for US$575mn.
