Analysis of the key themes driving M&A activity reveals that hydrogen accounted for 5 oil & gas deals announced in Q2 2024, worth a total value of $97.2m. The $95.4m minority acquisition of Guangxi Huayi Chlor-alkali Chemical Industry by Shanghai Chlor-Alkali Chemical was the industry’s largest disclosed deal. GlobalData’s Oil and Gas Industry Mergers and Acquisitions Deals report for Q2 2024 uncovers key trends behind the oil & gas market M&A deals and helps gain a comprehensive understanding of the disruptive themes driving most notable to deals. Buy the report here.
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In value terms, hydrogen-related deal activity decreased by 73% in Q2 2024 compared with the previous quarter’s total of $359m. Related deal volume increased by 150% in Q2 2024 versus the previous quarter.
The top-ranked legal advisors supporting these M&A deals in H1 2024 were Chiomenti Studio Legale; Cuatrecasas, Goncalves Pereira; Herbert Smith Freehills with 1, 1, 1 deals respectively.
For further understanding of GlobalData's Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes in Q2 2024 – Thematic Intelligence, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.
