MEA energy sector’s deal activity up 33pc in Q4

MEA energy sector’s deal activity up 33pc in Q4

Middle East and Africa's oil & gas industry saw a rise of 33.3% in overall deal activity during Q4 2020, when compared to the four-quarter average, according to GlobalData's deals database.

 

A total of 52 deals worth $4.7 billion were announced for the region during Q4 2020, against the last four-quarter average of 39 deals.

 

Of all the deal types, M&A saw most activity in Q4 2020 with 51, representing a 98.1% share for the region.

 

In second place was private equity with one deal capturing a 1.9% of the overall deal activity for the quarter.

 

The top five oil & gas industry deals of Q4 2020 tracked by GlobalData were:

*Abu Dhabi Developmental Holding Company and Abu Dhabi Retirement Pensions and Benefits Fund's $2.1 billion acquisition of AdnocGas Pipelines HoldCo.

*The $540m acquisition of MISR Fertilizer Production Co by Government Of Egypt

Energean's $405m acquisition of Energean Israel

*The $348m acquisition of Ham-Let (Israel-Canada) by Ultra Clean Holdings

IPR Energy Resources' asset transaction with Dana Gas for $236m.

 

In terms of value of deals, M&A was the leading category in Middle East and Africa's oil & gas industry with $4.67 million followed by private equity deals totalled $30 million.

 

According to the report, the top five oil & gas deals