Analysis of the key themes driving M&A activity reveals that environmental sustainability accounted for 63 oil & gas deals announced in Q3 2024, worth a total value of $14.6bn. The $3.3bn minority acquisition of EnLink Midstream by Oneok was the industry’s largest disclosed deal. GlobalData’s Oil and Gas Industry Mergers and Acquisitions Deals report for Q3 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.
Smarter leaders trust GlobalData
In value terms, environmental sustainability-related deal activity increased by 181% in Q3 2024 compared with the previous quarter’s total of $5.2bn and rose by 773% as compared to Q3 2023. Related deal volume increased by 2% in Q3 2024 versus the previous quarter and was 425% higher than in Q3 2023.
The top-ranked financial advisors supporting these M&A deals in 9M 2024 were Evercore; Barclays; Goldman Sachs Group with 5, 4, 4 deals respectively.
The top-ranked legal advisors supporting these M&A deals in 9M 2024 were Kirkland & Ellis; Latham & Watkins; Vinson & Elkins with 10, 7, 7 deals respectively.
For further understanding of GlobalData's Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes in Q3 2024 – Strategic Intelligence, buy the report here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
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.
