Goldman Sachs has claimed the top position in the latest M&A league table of the top ten financial advisers for the oil & gas sector for 2018, according to figures compiled by GlobalData.
The American bank advised on 46 oil and gas deals with a total value of $151.8bn. Barclays was in second place having advised on 32 announced deals in the sector with a total value of $143.5bn
Morgan Stanley achieved third place with 28 deals worth a total of $141.0bn in 2018.
Praveen Karnati, financial deals analyst at GlobalData, said: “Goldman Sachs emerged as the top financial adviser in the oil and gas sector, mainly bolstered by two mega deals – Marathon Petroleum’s acquisition of Andeavor for $35.6bn and BP’s acquisition of Petrohawk Energy from BHP for $10.5bn.”
The total value of deals in the oil & gas sector increased by nearly 40% from $388.0bn in 2017 to $541.0bn in 2018, according to GlobalData. The number of deals increased by 3%.
Goldman Sachs also topped the global league table of top 20 financial advisers released by GlobalData recently. Barclays, in second place, slid to sixth in the overall list.
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By GlobalDataVinson & Elkins led the top ten legal advisers table for 2018 with total deals worth $138.4bn.
The Texas-based legal adviser’s 58 deals are 21 more than second-placed Latham & Watkins, which worked on deals worth $128.4bn. Cleary Gottlieb Steen & Hamilton came in a close third with $125.6bn from 11 deals that it advised on.
GlobalData’a league tables are based on the real-time tracking of thousands of company websites, advisory firm websites and other reliable sources available on the secondary domain. A dedicated team of analysts monitors all these sources to gather in-depth details for each deal, including adviser names.
The company also seeks submissions through adviser submission forms on GlobalData, which allow both legal and financial advisers to submit their deal details.