Total oil & gas industry M&A deals worth $2.94bn were announced in Asia-Pacific in March 2021, led by Sinopec Overseas Investment Holding’s $881.78m acquisition of Sinopec Hainan Refining and Chemical, according to GlobalData’s deals database.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all
  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

The value marked an increase of 29.5% over the previous month of $2.27bn and a drop of 59% when compared with the last 12-month average of $7.17bn.

Asia-Pacific held a 19.03% share of the global oil & gas industry M&A deal value that totalled $15.45bn in March 2021. With an 8.74% share and deals worth $1.35bn, China was the top country in Asia-Pacific’s M&A deal value across oil & gas industry.

In terms of M&A deal activity, Asia-Pacific recorded 34 deals during March 2021, marking an increase of 9.68% over the previous month and a drop of 15.00% over the 12-month average. China recorded 12 deals during the month.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Asia-Pacific oil & gas industry M&A deals in March 2021: Top deals

The top five oil & gas industry M&A deals accounted for 80.3% of the overall value during March 2021.

The combined value of the top five oil & gas deals stood at $2.36bn, against the overall value of $2.94bn recorded for the month.

The top five oil & gas industry M&A deals of March 2021 tracked by GlobalData were:

1) Sinopec Overseas Investment Holding’s $881.78m acquisition of Sinopec Hainan Refining and Chemical

2) The $753.65m acquisition of Bharat Petroleum by ICICI Prudential Mutual Fund

3) Bharat Petroleum’s $327.02m acquisition of Bharat Oman Refineries

4) The $243.61m acquisition of Vinythai Public by PTT Global Chemical Public

5) Kingenta Ecological Engineering’s acquisition of Noberfun (China) Agriculture for $155.74m.