The Middle East and African oil and gas industry has seen a rise of 33.3% in overall deal activity during Q4 2020, when compared to the fourth-quarter average, a report from GlobalData says.
According to the GlobalData deals’ database, a total of 52 deals worth $4.7 billion were announced for the region during Q4 2020, against the last four-quarter average of 39 deals. Of all the deal types, M&A saw the most activity in Q4 2020 with 51, representing a 98.1% share for the region, the report added.
In second place was private equity with one deal capturing a 1.9% of the overall deal activity for the quarter, it said.
The top five oil & gas industry deals of Q4 2020 tracked by GlobalData were:
- Abu Dhabi Developmental Holding Company and Abu Dhabi Retirement Pensions and Benefits Fund’s $2.1 billion acquisition of AdnocGas Pipelines HoldCo
- The $540m acquisition of MISR Fertilizer Production Co by Government Of Egypt
- Energean’s $405m acquisition of Energean Israel
- The $348m acquisition of Ham-Let (Israel-Canada) by Ultra Clean Holdings
- IPR Energy Resources’ asset transaction with Dana Gas for $236m
The report said that in terms of value of deals, M&A was the leading category in Middle East and Africa’s oil & gas industry with $4.67 million followed by private equity deals totalled $30 million.
The top five oil & gas deals accounted for 77.3% of the overall value during Q4 2020, it continued. Furthermore, the combined value of the top five oil & gas deals stood at $3.63 billion, against the overall value of $4.7 billion recorded for the quarter.
