Global oil & gas industry deals total $78.46 billion in Q4 2019

March 2, 2020

Total oil & gas industry deals for Q4 2019 worth $78.46 billion were announced globally, according to GlobalData’s deals database.

The value marked a decrease of 2.3 per cent over the previous quarter and a drop of 34 per cent when compared with the last four-quarter average of $119.37 billion.

In terms of number of deals, the sector saw a drop of 12.4 per cent over the last four-quarter average with 523 deals against the average of 597 deals.

In value terms, North America led the activity with deals worth $43.95 billion.

The top five oil & gas deals accounted for 32.9 per cent of the overall value during Q4 2019.

The combined value of the top five oil & gas deals stood at $25.8 billion, against the overall value of $78.46 billion recorded for the month.

The top five oil & gas industry deals of Q4 2019 tracked by GlobalData were:

Hess Midstream Partners’ $6.2 billion acquisition of Hess Infrastructure Partners

The $5.69 billion private equity deal with Tallgrass Energy by Enagas, National Pension Service, The Blackstone Group, GIC and Universities Superannuation Scheme

Total’s $5 billion asset transaction with Apache

The $4.51 billion acquisition of Hitachi Chemical by HC Holdings and Showa Denko

Apergy’s asset transaction with Ecolab for $4.4 billion.