DEALS ANALYSIS
Deals activity: Asia-Pacific records highest growth; upstream leads by sector
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Deals activity by geography
Oil & gas industry deals, as captured by GlobalData’s Oil & Gas Intelligence Centre, are down year-on-year (YoY) across nearly all regions.
North America is leading in terms of deal value but also recorded the most significant decrease in YoY growth in deals volume, at -11%. Asia-Pacific recorded the highest growth, seeing deal volume increase by 13% YoY.
The volume of deals recorded by GlobalData increased in all other territories but Europe, which recorded flat growth, with a 6% YoY increase in South and Central America and 2% growth in the Middle East and Africa.
Deals activity by type
| Deal type | Total deal value (US$m) | Total deal count | YoY change (volume) |
| Acquisition | 4828369 | 14428 | -32 |
| Debt Offering | 4450266 | 8976 | 38 |
| Asset Transaction | 2215854 | 25251 | -16 |
| Equity Offering | 1788000 | 15616 | -26 |
| Private Equity | 525439 | 2975 | 44 |
| Merger | 138665 | 507 | 82 |
| Venture Financing | 28611 | 2266 | -36 |
| Partnership | 14498 | 3522 | 105 |
A breakdown of deals by type and volume shows an even mix of positive and negative growth, with acquisitions down -32% YoY, partnerships up 105%, asset transactions down -16%, and mergers, up 82%. Financing deals have fared similarly; equity offerings are down -26%, private equity is up 44%, venture financing is down -36% YoY, and debt offerings are up 38%.
Deals activity by sector
Perhaps the most notable trend apparent in GlobalData’s analysis of oil & gas industry deals by sector is consistency. The various sectors are maintaining their general rankings by volume from previous years, with upstream continuing to lead, with 534 deals logged, while petrochemicals remains the smallest sector by deals volume, with just 60.
Note: All numbers as of 14 April 2021. Deals captured by GlobalData cover M&As, strategic alliances, various types of financing and contract service agreements.
For more insight and data, visit GlobalData's Oil & Gas Intelligence Centre.
Latest deals in brief
Petrobras and Brazil agree on rules for sale from two offshore fields
The board of Petrobras has approved an agreement with the Brazilian Government for the potential sale of excess reserves from the Sepia and Atapu offshore oil fields.
Saudi Aramco to sell $12.4bn worth stake in pipelines unit to EIG
Saudi Aramco has agreed to sell a 49% stake in its newly formed crude oil pipeline entity to EIG Global Energy Partners-led consortium of investors for approximately $12.4bn.
Petrobras to acquire BP’s stakes in six blocks offshore Brazil
Petrobras has agreed to acquire BP Energy do Brasil’s (BP) stakes in six blocks located in ultra-deepwater in northern Brazil. Under the agreement, BP will transfer its entire 30% stake FZA-M-57, FZA-M-59, FZA-M-86, FZA-M-88, FZA-M-125 and FZA-M-127 blocks.
Malaysia and Brunei sign deal to develop two offshore oil fields
The governments of Malaysia and Brunei Darussalam have formalised a unitisation agreement (UA) to develop two oil fields in their maritime boundary.
KrisEnergy farms out Block 115/09 offshore Vietnam
KrisEnergy, through its Vietnamese subsidiary, has divested its 100% interest in the exploration block 115/09 located offshore Vietnam to an undisclosed international oil and gas company.
Rhizen signs oncology drug development deal with Curon
Swiss biopharma company Rhizen Pharmaceuticals has signed an exclusive licensing agreement with Curon Biopharmaceutical to develop and commercialise Tenalisib for oncology in the Greater China region. Tenalisib, a highly selective dual PI3K delta and gamma inhibitor, is currently in Phase II clinical development for haematological malignancies. The US FDA granted fast track and orphan drug designations for the drug candidate Tenalisib as a treatment for relapsed/refractory peripheral T-cell lymphoma and cutaneous T-cell lymphoma.
