Opinion

Upstream Oil and Gas M&A and Capital Raising Values Totalled $80.9bn in Q3 2018, says GlobalData

Posted by OilVoice Press - OilVoice

13-Nov-2018


A total of 362 deals with a combined value of US$80.9bn were registered in the upstream oil and gas industry in Q3 2018, according to GlobalData, a leading data and analytics company.

Of the total value, US$44.5bn was registered in mergers and acquisitions (M&A) in Q3 2018, representing a significant increase of 77% from the US$25.1bn in M&A deals announced in Q2 2018. On the capital raising front, a total value of US$36.5bn in capital raising was announced in the upstream sector in Q3 2018, an increase of 19% from the US$30.7bn in capital raising announced in the previous quarter.

The company's latest report: ‘Quarterly Upstream M&A and Capital Raising Deals Review – Q3 2018' states that a total of 111 M&A deals, with a combined value of US$13bn, were recorded in the conventional segment, and 88 deals, with a combined value of US$31.5bn, were recorded in the unconventional segment, in the quarter.

Of the total M&A deals, 156 deals, with a combined value of US$37.5bn, were domestic acquisitions and the remaining 43, with a combined value of US$7bn, were cross-border transactions. A quarter-on-quarter comparison shows a substantial increase in domestic transaction values in Q3 2018, compared to US$17.6bn in Q2 2018. However, cross-border transaction values decreased by 7% in Q3 2018 compared to US$7.5bn in Q2 2018.

Image

IMAGE FOR PUBLICATION: Please click here for enlarged chart

Capital raising, through debt offerings, witnessed an increase of 20% in deal value, recording US$32.4bn in Q3 2018, compared with US$27.1bn in Q2 2018. However, the number of debt offering deals decreased by 10% from 60 in Q2 2018 to 54 deals in Q3 2018.

Capital raising, through equity offerings, registered a decrease of 3% in the number of deals and 8% in deal value with 98 deals, of a combined value of US$2.4bn, in Q3 2018, compared with 101 deals, of a combined value of US$2.6bn, in the previous quarter. 11 private equity/venture capital deals, with a combined value of US$1.7bn, were recorded in the upstream industry in Q3 2018, compared with 12 deals, with a combined value of US$950.3m, in Q2 2018.

Image

IMAGE FOR PUBLICATION: Please click here for enlarged chart

Americas remained the frontrunner for M&A and capital raising, registering 132 M&A deals, with a total value of US$32.6bn; and 68 capital raising transactions worth US$20.6bn in Q3 2018. EMEA registered 45 M&A deals of a combined value of US$8.3bn, and 38 capital raising deals worth US$13.4bn; while APAC registered 22 M&A deals of a combined value of US$3.7bn and 57 capital raising deals worth US$2.5bn in Q3 2018.

Information is based on GlobalData's report: Quarterly Upstream M&A and Capital Raising Deals Review – Q3 2018



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.

upstreamo&gOilgasM&ACapital RaisingGlobalData

More items from oilvoice


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 2 months 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 7 months 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 7 months 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 7 months agoPress > CNOOCChina National Offshore Oil CorporationChevron +11

Total Announces the Distribution of its Second 2018 Interim Dividend

The Board of Directors met on December 12, 2018 and declared  the distribution of a second interim dividend for the 2018 fiscal year of €0.64 per share, in accordance with the Board's decision of July 25, 2018, an amount equal to the first 2018 interim dividend and an increase of 3.2% compared to t ...

OilVoice Press - OilVoice


Posted 7 months agoPress > TotalDividend
All posts from oilvoice