Baku, Azerbaijan, Sept. 13
By Leman Zeynalova – Trend:
The global mergers & acquisitions (M&A) and raising activity in the upstream oil and gas sector totaled $130.5 billion in Q2 2019, Trend reports with reference to GlobalData, a leading data and analytics company.
“This was a substantial increase from the $27.8 billion in Q1 2019. On the volume front, the number of deals decreased marginally from 316 in Q1 2019 to 315 in Q2 2019,” said the report.
As Praveen Kumar Karnati, Oil and Gas Analyst at GlobalData, said, a total of 107 M&A deals, with a combined value of $21.1 billion, were recorded in the conventional segment, and 44 deals, with a combined value of $62.3 billion, were recorded in the unconventional segment in Q2 2019.
“Capital raising, through equity offerings, witnessed a substantial increase in deal value, recording $13 billion in Q2 2019, compared with $1.5 billion in Q1 2019. The number of equity offering deals also increased by 19 percent from 88 in Q1 2019 to 105 deals in Q2 2019,” said GlobalData.
Capital raising, through debt offerings, registered an increase of 48 percent in the number of deals and 62 percent in deal value with 49 deals, with a combined value of $28.8 billion, in Q2 2019, compared with 33 deals, with a combined value of $17.8 billion, in the previous quarter, according to the report.
In the upstream industry in Q2 2019, 10 private equity/venture capital deals, with a combined value of $5.3 billion, were recorded, compared with 16 deals, with a combined value of $1.3 billion, in Q1 2019, said the company.
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