Global oil & gas industry M&A deals total $23.95bn in Q2 2020

Global oil & gas industry M&A deals total $23.95bn in Q2 2020

Total oil & gas industry M&A deals in Q2 2020 worth $23.95bn were announced globally, according to GlobalData's deals database.The value marked an increase of 114.2% over the previous quarter and a drop of 68.8% when compared with the last four-quarter average, which stood at $76.8bn.Comparing deals value in different regions of the globe, Middle East and Africa held the top position, with total announced deals in the period worth $11.29bn. At the country level, the United Arab Emirates topped the list in terms of deal value at $10.12bn.In terms of volumes, North America emerged as the top region for oil & gas industry M&A deals globally, followed by Asia-Pacific and then Europe.The top country in terms of M&A deals activity in