Americas witnessed the highest capital raising activity for oil and gas equipment and services globally during the fourth quarter of 2016, according to a report by GlobalData.
Entitled Quarterly Equipment and Services Capital Raising Review – Q4 2016, the report provides a quarterly review of capital raising activity for oil and gas equipment and services globally.
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The global equipment and services capital raising activity totalled $10.7bn from 61 transactions, led by Americas. From the 61 transactions, 25 deals were greater than $100m in value and accounted for $9.6bn in total, states the report.
Comparatively, GlobalData’s previous report in Q3 2016 put the number of deals worth more than $100m at 11 with a total value of $3.8bn.
In terms of volume and value, the Americas region led the market with 61% and 60% shares respectively. The region recorded a total of 37 deals with a combined value of $6.4bn.
The top deal registered during the quarter was Noble Corporation’s public offering of 7.75% senior unsecured notes for gross proceeds of $1bn.
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