Middle East and Africa’s oil and gas industry saw a rise of 33.3% in overall deal activity during 4Q20, when compared to the four-quarter average, according to GlobalData’s deals database.
A total of 52 deals worth US$ 4.7 billion were announced for the region during 4Q20, against the last four-quarter average of 39 deals.
Of all the deal types, M&A saw most activity in 4Q20 with 51, representing a 98.1% share for the region.
In second place was private equity with one deals capturing a 1.9% of the overall deal activity for the quarter.
In terms of value of deals, M&A was the leading category in Middle East and Africa’s oil and gas industry with US$4.67 billion, followed by private equity deals totalled US$30 million.
Top deals
The top five oil and gas deals accounted for 77.3% of the overall value during 4Q20.
The combined value of the top five oil and gas deals stood at US$3.63 billion, against the overall value of US$4.7 billion recorded for the quarter.
The top five oil and gas industry deals of Q4 2020 tracked by GlobalData were:
- Abu Dhabi Developmental Holding Company and Abu Dhabi Retirement Pensions and Benefits Fund’s US$2.1 billion acquisition of ADNOC Gas º£½Ç³Ô¹ÏÍø HoldCo.
- The US$540 million acquisition of MISR Fertilizer Production Co by Government Of Egypt.
- Energean’s US$405 million acquisition of Energean Israel.
- The US$348 million acquisition of Ham-Let (Israel-Canada) by Ultra Clean Holdings.
- IPR Energy Resources’ asset transaction with Dana Gas for US$236 million.
For more news and technical articles from the oil and gas pipeline industry, read the latest issue of World º£½Ç³Ô¹ÏÍø magazine.
World º£½Ç³Ô¹ÏÍø’ January 2021 issue
The January 2021 issue kicks off the year with a regional report focusing on pipelines in the USA, in which Gordon Cope analyses the impact of the COVID-19 pandemic on the US oil and gas sector. The issue also includes articles on decarbonisation, inline inspection, corrosion prevention and offshore welding. Don’t miss the Pigging Q&A on p.31!