A total of 570 M&A deals (pending and completed) were announced in the Global Oil & Gas sector, in the last twelve months resulting in a total deal value of over $253,619.9 million. In the LTM period, September 2021 turned out to be the most prolific in terms of deal size, with a total deal value of $41,941.1 million, resulting in an average deal value of $998.6 million during that month. On the other hand, the month of July 2021 was the most prolific in terms of deal volume, recording a total of 56 deals, resulting in an average deal value of $398.1 million during that month.
Of the 570 deals, the deal secured between APA Group and AusNet Services Ltd, was the largest M&A deal in the Global Oil & Gas sector, which was valued at $11,080.9 million and was completed on September 20, 2021. The second-largest deal was between Bouygues SA and Equans, while the third-largest deal was between Icahn Enterprises LP and Southwest Gas Holding Inc.. The Bouygues SA-Equans deal and the Icahn Enterprises LP-Southwest Gas Holding Inc. deal were valued at $8,200.1 million and $7,705.0 million, respectively. The fourth-largest deal was between British Columbia Investment Management Corp; Macquarie Asset Management Holding Pty Ltd-National Grid Gas Plc valued at $5,534.4 million, whereas the deal between PTTGC International (Netherlands) B.V.-Allnex Germany GmbH valued at $4,750.0 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $37,270.5 million and accounted for nearly 14.70% of the total deals (by value) announced during the last twelve months. By region, North America accounted for 42.57% of the total M&A deals done globally, and recorded a total deal value of $109,885.9 million, which accounted for 35.90% of the total deal size on a global scale.
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