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Asia-Pacific oil and gas M&A deals total US$7.68 billion in 4Q20


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 Pipelines magazine.

World Pipelines’ February 2021 issue

The February 2021 issue of World Pipelines 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.

Read the article online at: https://www.worldpipelines.com/contracts-and-tenders/24022021/asia-pacific-oil-and-gas-ma-deals-total-us768-billion-in-4q20/





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