In the Australian oil & gas industry, there were nine M&A deals announced in Q3 2024, worth a total value of $8.7m, according to GlobalData’s Deals Database. The $4.5m acquisition of Galilee Energy by Vintage Energy 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.

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In value terms, M&A activity in Australia increased by 18% in Q3 2024 compared with the previous quarter’s total of $7.4m and fell by 99% as compared to Q3 2023. Related deal volume increased by 13% in Q3 2024 versus the previous quarter and was 10% lower than in Q3 2023.

The top-ranked financial advisors supporting these M&A deals in Australia in 9M 2024 were CMC Markets; Rothschild & Co; SI Capital with 1, 1, 1 deals respectively.

The top-ranked legal advisors supporting these M&A deals in Australia in 9M 2024 were Jones Day; Linklaters; Mills Oakley Lawyers Pty. with 1, 1, 1 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.

This content was updated on 19 October 2024

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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.