In the Singaporean oil & gas industry, there were five M&A deals announced in Q3 2024, worth a total value of $30.7m, according to GlobalData’s Deals Database. The $25.5m acquisition of Ultramax Vessel – Singapore from Undisclosed by Castor Maritime 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 Singapore decreased by 92% in Q3 2024 compared with the previous quarter’s total of $370m and fell by 93% as compared to Q3 2023. Related deal volume remained flat in Q3 2024 versus the previous quarter.
The top-ranked legal advisors supporting these M&A deals in Singapore in 9M 2024 were Latham & Watkins; Cyril Amarchand Mangaldas with 2, 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.
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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.
