DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/ll2t7x/oil_and_gas) has announced the addition of GlobalData's new report "Oil & Gas Quarterly Deals Analysis : M&A and Investment Trends - Q3 2012" to their offering.
Investments Increased In Oil & Gas Industry In Q3 2012
The authors's Oil & Gas Quarterly Deals Analysis: M&A and Investment Trends - Q3 2012 report is a reliable source of essential data on and analysis of mergers and acquisitions (M&As), and financing in the oil and gas industry. The report provides detailed information on M&As, equity/debt offerings, private equity (PE), venture financing and partnership transactions registered in the oil and gas industry in Q3 2012. The report offers detailed comparative data on the number of deals and deal values in the last five quarters segregated into deal types, segments, and geographies. Besides, the report furnishes information on the top PE, venture capital (VC), and advisory firms in the oil and gas industry.
M&A Activity Remained Almost Static In Oil And Gas Market In Q3 2012
M&As, which include changes in ownership and control of companies (The authors does not consider this value as a new investment in the market), in the oil and gas industry remained almost static with a marginal change in the overall number of deals and deal value with 158 deals worth $44 billion in Q3 2012, as compared to 151 deals worth $47.6 billion. The decrease in deal value in the downstream sector from $14.1 billion in Q2 2012 to a mere $1.4 billion was offset by an increase in deal value in the upstream sector from $15.8 billion in Q2 2012 to $25.5 billion; and equipment and services sector from $4.3 billion in Q2 2012 to $9.2 billion.
M&As in the upstream energy sector accounted for 42% of the total deals and 51% of deal value, with 70 deals worth $25.5 billion in Q3 2012. Of the total deals in upstream energy sector, 54 deals were registered in the conventional segment and the remaining 13 deals registered in the unconventional segment. CNOOC's agreement to acquire Nexen for $15.1 billion, ConocoPhillips and Origin Energy's agreement to sell 7.5% stake each in Australia Pacific LNG for up To $3.08 billion, and Sinopec International's agreement to acquire 49% stake in Talisman Energy (UK) from Talisman Energy for $1.5 billion were some of the high value deals recorded in upstream energy sector in Q3 2012.
North America recorded the highest deal activity, accounting for 47% of the total deals and 70% of the total deal value with 75 deals worth $30.7 billon in Q3 2012, followed by Europe with 42 deals worth $7.5 billion in Q3 2012. In North America, upstream energy sector registered 25 deals, of which 17 were registered in the conventional segment and eight were registered in the unconventional segment.
The average PE of the oil & gas companies acquired, which represents the investors' willingness to pay for a company's earnings, registered an increase from 20.7x (times) in Q2 2012 to 38x in Q3 2012. The substantial increase was due to Sidewinder Drilling's agreement to acquire Union Drilling for $242m in Q3 2012, where Union Drilling's PE ratio was 122.
According to Swati Singh, Lead Analyst at The authors, The total value of upstream sector merger and acquisition transactions of 2012 has already surpassed the total from 2011. Currently, the total upstream sector deal value (announced and completed) is around $120 billion, up by 2% from $118 billion in overall 2011.Some of the largest deals in the upstream sector in 2012 are Rosneft acquisition of TNK-BP for around $55 billion, the CNOOC acquisition of Nexen for $15 billion and ExxonMobil's acquisition of Celtic Exploration for $3.15 billion. M&A activity in the Oil & Gas industry will continue to increase in the coming months driven by global shale plays, frontier exploration areas in Africa like Ghana, Mozambique and Uganda and by midstream sector.
Key Topics Covered:
1 Tables & Figures
2 Indsutry Insights
3 Oil & Gas Industry, Global, Deals Summary
4 Oil & Gas Industry, Global, Top Deal Makers, Q3 2012
5 Oil & Gas Industry, Global, Deals Summary, by Type
6 Oil & Gas Industry, Global, M&A Financial Analysis
7 Oil & Gas Industry, Global, Deals Summary, by Sector
8 Oil & Gas Industry, Deals Summary, by Geography
9 Oil & Gas Industry, Global, Top Advisors
10 Appendix
For more information visit http://www.researchandmarkets.com/research/ll2t7x/oil_and_gas
Source: GlobalData