A total of $16.81 billion worth of oil and gas industry merger and acquisition (M&A) deals were announced globally in September, according to GlobalData’s deals database.
GlobalData noted that the value marked a decrease of 51.9 percent over the previous month and a drop of 52.7 percent when compared with the last 12-month average.
North America was the top region for deals value during the period, according to GlobalData, which revealed that the region’s total announced deals in September were worth $9.57 billion. At the country level, the United States topped the list in terms of deal value at $9.42 billion, GlobalData highlighted.
The United States saw the most M&A deals during September (34), followed by the UK (12) and Australia (7), according to GlobalData.
The top five oil and gas industry deals of September, tracked by GlobalData, were:
- Energy Transfer’s $5.1 billion acquisition of SemGroup
- The $4.5 billion asset transaction with ExxonMobil by Var Energi
- Nextera Energy Partners’ $1.37 billion acquisition of Meade Pipeline Co
- The $1.05 billion asset transaction with SK Innovation by Pluspetrol
- Spur Energy Partners’ asset transaction with Concho Resources for $925 million
GlobalData’s analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumored deals. GlobalData describes itself as the “gold standard” data provider to the world’s largest industries. The company was formed in 2016 following the consolidation of several data and analytics providers.
Last month, GlobalData revealed that South America had the highest number of planned and announced floating production storage and offloading (FPSO) additions globally between 2019 and 2025. The company also revealed that South America and Europe saw the most oil and gas discoveries in the third quarter.
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