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Middle East and Africa’s oil and gas industry saw a rise of 33.3% in overall deal activity during 4Q20, when compared to the four-quarter average, according to GlobalData’s deals database. A total of 52 deals worth US$ 4.7 billion were announced for the region during 4Q20, against the last four-quarter average of 39 deals. Of all the deal types, M&A saw most activity in 4Q20 with 51, representing a 98.1% share for the region. In second place was private equity with one deals capturing a 1.9% of the overall deal activity for the quarter. In terms of value of deals, M&A was the leading category in Middle East and Africa’s oil and gas industry with US$4.67 billion, followed by private equity deals totalled US$30 million. Top deals The top five oil and gas deals accounted for 77.3% of the overall value during 4Q20. The combined value of the top five oil and gas deals stood at US$3.63 billion, against the overall value of US$4.7 billion recorded for the quarter. The top five oil and gas industry deals of Q4 2020 tracked by GlobalData were: Abu Dhabi Developmental Holding Company and Abu Dhabi Retirement Pensions and Benefits Fund’s US$2.1 billion […]
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