UK oil and gas industry M&A deals worth US$1.75 billion in 4Q19

Total oil and gas industry merger and acquisition (M&A) deals in 4Q19 worth US$1.75 billion were announced in the UK, according to GlobalData’s deals database.

The value marked an increase of 59.3% over the previous quarter and a drop of 32.3% when compared with the last four-quarter average of $2.59 billion.

The UK held a 2.8% share of the global oil and gas industry M&A deal value that totalled $63.54 billion in 4Q19.

In terms of deal activity, the UK recorded 33 deals during 4Q19, marking a rise of 17.9% over the previous quarter and a drop of 2.9% over the last four-quarter average.

The top five oil and gas industry M&A deals accounted for 93.4% of the overall value during 4Q19.

The combined value of the top five oil and gas M&A deals stood at $1.64 billion, against the overall value of $1.75 billion recorded for the month.

The top five oil and gas industry deals of 4Q19 tracked by GlobalData were:

• Seplat Petroleum Development Plc’s US$596.68 million acquisition of Eland Oil & Gas.
• The US$415.6 million asset transaction with Stolt-Nielsen by CMB Financial Leasing.
• GeoPark Colombia’s US$314 million acquisition of Amerisur Resources.
• The US$280 million asset transaction with Energean Oil & Gas by Neptune Energy Group.
• North Star Holdco’s asset transaction with SEACOR Marine Holdings for US$32 million.

Source: hydrocarbonengineering.com