The company’s latest report: ‘Quarterly Upstream M&A and Capital Raising Deals Review – Q4 2018’ states that a total of 120 M&A deals, with a combined value of US$7.9 billion, were recorded in the conventional segment, and 53 deals, with a combined value of US$19.4 billion, were recorded in the unconventional segment, in the quarter.
Of the total M&A deals, 104 deals, with a combined value of US$14.4 billion, were domestic acquisitions and the remaining 69, with a combined value of US$12.9 billion, were cross-border transactions. A quarter-on-quarter comparison shows a substantial decrease in domestic transaction values in Q4 2018, compared to US$39.1 billion in Q3 2018. However, cross-border transaction values increased substantially by 82% in Q4 2018 compared to US$7.1 billion in Q3 2018.
Capital raising, through debt offerings, witnessed a decrease of 48% in deal value, recording US$16.7 billion in Q4 2018, compared with US$31.9 billion in Q3 2018. The number of debt offering deals also decreased by 48% from 54 in Q3 2018 to 28 deals in Q4 2018.
Capital raising, through equity offerings, registered a decrease of 11% in the number of deals and an increase of 33% in deal value with 93 deals, of a combined value of US$3.2 billion, in Q4 2018, compared with 105 deals, of a combined value of US$2.4 billion, in the previous quarter. 11 private equity/venture capital deals, with a combined value of US$708.3 million, were recorded in the upstream industry in Q4 2018, compared with 14 deals, with a combined value of US$1.7 billion, in Q3 2018.
Americas remained the frontrunner for M&A and capital raising, registering 104 M&A deals, with a total value of US$21.8 billion; and 57 capital raising transactions worth US$6.5 billion in Q4 2018. EMEA registered 50 M&A deals of a combined value of US$3 billion, and 33 capital raising deals worth US$10.7 billion; while APAC registered 19 M&A deals of a combined value of US$2.6 billion and 42 capital raising deals worth US$3.3 billion in Q4 2018.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/07022019/globaldata-upstream-oil-and-gas-ma-and-capital-raising-values-totalled-us479-billion-in-q4-2018/
You might also like
Initially launched as an oil and gas portal in 2010, Pathfinder has been regularly updated to meet changing needs and now features projects including well decommissioning campaigns, offshore wind and carbon capture and storage opportunities.