In the Middle East and Africa oil & gas industry, there were 16 M&A deals announced in Q1 2024, worth a total value of $1.1bn, according to GlobalData’s Deals Database. The $500m minority acquisition of National Petrochemical Industrial by Lyondellbasell Industries was the industry’s largest disclosed deal. GlobalData’s Oil and Gas Industry Mergers and Acquisitions Deals report for Q1 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.
Recommended Buyer's Guides
Smarter leaders trust GlobalData
In value terms, M&A activity in Middle East and Africa decreased by 83% in Q1 2024 compared with the previous quarter’s total of $6.6bn and fell by 44% as compared to Q1 2023. Related deal volume decreased by 38% in Q1 2024 versus the previous quarter and was 63% lower than in Q1 2023.
The top-ranked financial advisors supporting these M&A deals in Middle East and Africa in Q1 2024 were APCO Worldwide; Cavendish Capital Markets; Evercore with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Middle East and Africa in Q1 2024 were Bracewell; Allen & Overy; Torys with 2, 1, 1 deals respectively.
For further understanding of GlobalData's Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes in Q1 2024 – Thematic Intelligence, buy the report here.
Premium Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
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.
