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Global oil & gas industry deals total $28.01 billion in Q2 2020

Global oil & gas industry deals total $28.01 billion in Q2 2020

London, July 31 - Neftegaz.RU. Total oil & gas industry deals for Q2 2020 worth $28.01 billion were announced globally, according to GlobalData’s deals database.

The value marked an increase of 106.2% over the previous quarter and a drop of 68.1% when compared with the last four-quarter average of $87.85 billion.

In terms of number of deals, the sector saw a drop of 30.5% over the last four-quarter average with 405 deals against the average of 583 deals. In value terms, Middle East and Africa led the activity with deals worth $11.29 billion.

Oil & gas industry deals in Q2 2020: Top deals
The top five oil & gas deals accounted for 63.6% of the overall value during Q2 2020. The combined value of the top five oil & gas deals stood at $17.83 billion, against the overall value of $28.01 billion recorded for the month.

The top 5 oil & gas industry deals of Q2 2020 tracked by GlobalData were:
  • Brookfield Asset Management, GIC, Global Infrastructure Management, NH Investment & Securities, Ontario Teachers’ Pension Plan and Snam’s $10.1 billion acquisition of ADNOC Gas Pipeline Assets
  • The $5 billion asset transaction with BP by Ineos Group
  • Bluescape Energy Partners, Elliott Management and Fidelity Management & Research’s $1.4 billion private equity deal with CenterPoint Energy
  • The $750 millionprivate equity deal with DoublePoint Energy by Apollo Global Management, Double Eagle Energy Holdings, FourPoint Energy, Magnetar Capital and Quantum Energy Partners
  • Total’s asset transaction with Tullow Uganda and Tullow Uganda Operations for $575 million.

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