-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
According to World Oil on February 16, GlobalData said that the oil and gas industry reached a total of $74 billion in deals last year, compared with only $40 billion
in 2020.
The data analytics firm noted that the recovery in oil prices has encouraged companies to make more high-value deals to boost their growth plans
.
In terms of value, the biggest deal of 2021 was announced at the end of the year, when oil prices were at multi-year highs
.
Among them is Aker BP's proposed acquisition of North Sea operator Lundin Energy
for $13.
9 billion.
GlobalData's latest report, Global M&A Transactions 2021 – Key Themes by Industry, shows that global M&A activity in the oil and gas industry grew by 16% annually to $335 billion
in 2021, taking into account the known value of M&A deals.
All regions except China, the Middle East and Africa reported an increase
in the value of transactions in 2021 compared to the previous year.
However, in terms of deal volume, oil and gas M&A activity in 2021 was essentially flat, at around 1800
.
In 2021, the upstream industry contributed the highest value of M&A transactions of $120 billion
.
Compared with 2020, the growth rate reached 48%, which is the highest level on record
.
Ravindra Puranik, oil and gas analyst at GlobalData, said: "The growth of shale and subsea oil and gas transactions is largely driven by shale and subsea themes
.
U.
S.
shale reservoirs, particularly the Permian Basin, remain the most attractive targets
for oil and gas acquisitions in 2021.
Oil and gas assets in the North Sea also witnessed several deals last year, including one involving Lundin Energy
.
”
Midstream assets also contributed
significantly to the share of transactions in 2021.
These include several high-value deals involving North American oil and gas pipeline assets, such as Brookfield Infrastructure's $11.
5 billion acquisition of Inter Pipeline or Energy Transfer's $7.
2 billion acquisition of Enable Midstream
.
"As long as the oil and gas industry continues to meet most of the world's energy needs, there will be demand
for transportation infrastructure such as pipelines and liquefied natural gas (LNG)," Puranik said.
