Deals activity: North America records flat growth; upstream leads by sector
Deals activity by geography
Oil & gas industry deals, as captured by GlobalData’s Oil & Gas Intelligence Centre, are up year-on-year (YoY) across all regions.
North America is leading in terms of deal value but also recorded 0% YoY growth in deals volume. Asia-Pacific and Europe recorded the joint highest growth, seeing deal volume increase by 10% YoY.
The volume of deals recorded by GlobalData also increased in South and Central America, by 6%, and by 3% in the Middle East and Africa.
Deals activity by type
|Deal type||Total deal value (US$m)||Total deal count||YoY change (volume)|
A breakdown of deals by type and volume shows very positive growth, with acquisitions up 50% YoY, partnerships up 119%, asset transactions up 7%, and mergers up an astonishing 1464%. Financing deals have fared somewhat more unevenly; equity offerings are down -19%, private equity is up 112%, venture financing is down -15% YoY, and debt offerings are up 16%.
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 884 deals logged, while petrochemicals remains the smallest sector by deals volume, with just 91.
Note: All numbers as of 7 June 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
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Diversified Energy to purchase Blackbeard assets in US
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