$21.1bn in M&A Deals Were Announced in the Downstream Sector in 2017, Says GlobalData

A combined value of $21.1bn in mergers and acquisitions (M&A) were announced in the downstream sector in H2 2017, according to GlobalData, a leading data and analytics company.

 The company's report: ‘Bi-annual Downstream Deals Review – H2 2017' states that this was a decrease of 19 percent from the $26.2bn in M&A deals announced in H1 2017. A year-on-year comparison shows a substantial decline of 75 percent in deal value in H2 2017, when compared to H2 2016's value of $84.9bn. There were 11 M&A deals with values greater than $100m, together accounting for $20.5bn in H2 2017.

Glencore's agreement to acquire a 75 percent stake in Chevron South Africa and a 100 percent stake in Chevron Botswana, for a cash consideration of $973m, was one of the top deals registered in H2 2017.

The assets of Chevron South Africa and Chevron Botswana include Cape Town refinery, which has a refining capacity of 110,000 barrels per day; a lubricants manufacturing plant in Durban; a network of more than 820 Caltex branded service stations (with 220 convenience stores) across South Africa and Botswana; and storage tanks and oil depot distribution facilities.

Financing through equity offerings, debt offerings, private equity, and venture financing in the downstream oil and gas industry totaled $73.9bn from 87 deals in H2 2017. The majority of the investment came from the debt offerings market, which accounted for 90 percent of the total, at $66.5bn, in H2 2017. On a year-on-year basis, the total value of announced capital raising deals increased significantly by 42% in H2 2017, compared with $52bn in H2 2016.


Information based on GlobalData's report: Bi-annual Downstream Deals Review – H2 2017

New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit source site


GlobalDataM&AdownstreammergerAcquisitionGlencoreChevronSouth AfricaBotswana

More items from oilvoice

Cyber Security Experts Unite to Protect Europe’s Critical Industries

CS4CA Summit Returns to London this October Staying abreast of fast-paced industry developments is crucial for cyber security professionals. And while one can learn a lot from publications and social media, it's hard to beat the value of insights gained first-hand from peers. This is why 150+ IT ...

OilVoice Press - OilVoice

Posted 1 year agoPress > cybereurope

Africa E&P Summit

The organisers of the Africa E&P Summit are bringing together Africa's leading exploration companies and governments, just one of the many reasons why you should be attending frontier's event that they are organising and hosting in London at the IET: Savoy Place, 22-23 May. Over 200 key senior exec ...

OilVoice Press - OilVoice

Posted 1 year agoPress > Africasummitoil summit +2

Equinor Deepens in Offshore Wind in Poland

Equinor has exercised an option to acquire a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia. This transaction is a follow-up of the agreement between the two companies which came into force in May 2018 , by which Equinor acquired a 50 % inter ...

OilVoice Press - OilVoice

Posted 1 year agoPress > EquinorEquinor EnergyPoland +2

Nigeria has highest capex on crude and natural gas projects in sub-Saharan Africa Over Next Seven Years, says GlobalData

Nigeria accounts for more than 34% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the sub-Saharan Africa over the period 2018–2025, according to GlobalData , a leading data and analytics company. The company's report: ‘H2 2018 Production ...

OilVoice Press - OilVoice

Posted 1 year agoOpinion > GlobalDataNigeriaCrude +5

CNOOC Signs Strategic Cooperation Agreements with 9 International Oil Companies

HONG KONG, Dec. 18, 2018 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, Conoco ...

OilVoice Press - OilVoice

Posted 1 year agoPress > CNOOCChina National Offshore Oil CorporationChevron +11
All posts from oilvoice