Total oil and gas industry cross border M&A deals worth US$7.68 billion were announced in Asia-Pacific 4Q20, led by China Oil & Gas Pipeline Network’s US$6.24 billion acquisition, according to GlobalData’s deals database.
The value marked a decrease of 48.1% over the previous quarter and a drop of 9% when compared with the last four-quarter average of US$8.44 billion.
Asia-Pacific held a 37.59% share of the global oil & gas industry cross border M&A deal value that totalled US$20.43 billion in 4Q20. With a 30.64% share and deals worth US$6.26 billion, China was the top country in Asia-Pacific’s cross border M&A deal value across oil and gas industry.
In terms of deal activity, Asia-Pacific recorded 53 cross border deals during 4Q20, marking a decrease of 18.46% over the previous quarter and a drop of 8.62% over the last four-quarter average. Marshall Islands recorded 17 deals during the quarter.
Top deals
The top five oil and gas industry cross border M&A deals accounted for 90.2% of the overall value during 4Q20.
The combined value of the top five cross border M&A deals stood at US$6.92 billion, against the overall value of US$7.68 billion recorded for the quarter.
The top five oil and gas industry cross border deals of Q4 2020 tracked by GlobalData were:
- China Oil & Gas Pipeline Network’s US$6.24 billion acquisition of PetroChina Beijing Gas Pipeline and PetroChina Dalian LNG.
- The US$333.8 million acquisition of Philippine Tank Storage International (Holdings) by Keppel Infrastructure Trust and Metro Pacific Investments.
- ADNOC Logistics & Services US$168.4 million asset transaction with Hunter Group.
- The US$110 million asset transaction with Ionic Shipping (MGT) by General National Maritime Transport.
- Delta Tankers’ asset transaction with TRF Ship Management for US$71 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’ February 2021 issue
The February 2021 issue of World º£½Ç³Ô¹ÏÍø includes: a report on Australasian pipelines; an interesting look at the need to protect pipeline information from the Freedom of Information Act (USA); analysis of Ukraine’s place in the global gas sector; and technical articles on subsea repair, coatings, ILI and SCADA systems.