Total oil & gas industry deals worth $27.5bn were announced globally for November 2022, with Brookfield Renewable Partners and MidOcean Energy’s $11.9bn acquisition deal with Origin Energy being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 55.7% over the previous month of $17.69bn and a rise of 6.5% when compared with the last 12-month average of $25.85bn.

In terms of number of deals, the sector saw a drop of 8.06% with 194 deals in November 2022 when compared to the last 12-month average of 211 deals.

In value terms, Asia-Pacific led the activity with deals worth $12.72bn in November 2022.

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Oil & Gas industry deals in November 2022: Top deals

The top five deals accounted for 78.1% of the overall value during November 2022.

The combined value of the top five deals stood at $21.51bn, against the overall value of $27.5bn recorded for the month.

The top five oil & gas industry deals of November 2022 tracked by GlobalData were:

1) Brookfield Renewable Partners and MidOcean Energy’s $11.9bn acquisition deal with Origin Energy

2) The $4.4bn acquisition of Howden Group by Chart Industries

3) Marathon Oil’s $3bn asset transaction deal with Ensign Natural Resources

4) The $1.55bn acquisition of Lario Permian by Diamondback Energy

5) Cool’s $660m asset transaction deal with Quantum Crude Tankers