Deal activity by volume related to robotics increased by 42% year-on-year in 2022 in the oil & gas industry   

Analysis of the key themes driving deal activity reveals that robotics accounted for 70 oil & gas deals between 2018 and 2022, worth a total value of $5,924m, according to GlobalData’s Deals database covering mergers and acquisitions, private equity, venture financing, equity offerings and partnerships.  

The $30m venture financing by Kumpulan Wang Persaraan (Diperbadankan) was the largest disclosed deal in 2022. 

In volume terms, robotics related deal activity increased by 42% year-on-year in 2022 but decreased by 25% year-on-year in 2021.

Partnerships accounted for the highest number of deals in the last five years, with 23 deals, followed by acquisitions (18 deals), and venture financing (18 deals).

The top financial advisors supporting deals related to robotics in the oil & gas industry in the last five years in terms of value were Barclays, BofA Securities, Citigroup, Goldman Sachs, and Greenhill.

The top legal advisors supporting deals related to robotics in the oil & gas industry in the last five years in terms of value were Cravath, Swaine & Moore; Davis Polk & Wardwell; Hunton Andrews Kurth; Owens Wright; and Wilson Sonsini Goodrich & Rosati Professional.

GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.   

GlobalData’s Deals database provides comprehensive coverage across industries tracking market activity of global mergers & acquisitions, including asset acquisitions/divestments; private equity deals (PE); venture finance deals (VC); equity offerings, including IPOs, follow-on offerings, and private placements; debt offerings, including private placements, ESG bonds and loans; partnerships; and licensing agreements.