Insight

Global Upstream M&A: 2015 in review

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Report summary

Upstream M&A was put on hold in 2015 as the oil price stayed "lower for longer". Deal count fell 40% year on year. Shell's US$82 billion acquisition of BG was memorable but easily outstripped the disclosed spend on every other deal combined. In this Insight we provide an in depth analysis of the global upstream M&A market in 2015 looking at buyers sellers regional activity valuations and more. For an explanation of why we think the upstream M&A market will recover this year see upstream M&A: 2016 outlook.

What's included

This report contains

  • Document

    Global Upstream MandA 2015 in review data.xls

    XLS 574.00 KB

  • Document

    global upstream manda- 2015 in review.pdf

    PDF 1.53 MB

Table of contents

Tables and charts

This report includes 36 images and tables including:

Images

  • 2015 upstream M&A spend by primary deal location and buyer peer group (Shell/BG separate)
  • Annual global upstream M&A deal count, by region
  • Monthly global upstream deal count, by region
  • Movement in regional M&A spend, year-on-year
  • 2015 global upstream M&A spend by primary country, highlighting ten largest deals by value
  • Weighted average Implied Long-Term Oil Price (deal-by-deal) vs. Brent oil price
  • Net M&A spend by company: top 15 buyers and sellers
  • Global Upstream M&A: 2015 in review: Image 9
  • IOC net spend (adj. for +$10bn deals)
  • NOC overseas investment in M&A, by NOC origin
  • Extended peer group net spend 2014
  • Extended peer group spend 2015
  • Resource volume traded
  • Spend by resource type (oil, gas or mixture)
  • Annual M&A spend in NA uncons
  • Annual M&A spend in NA tight oil plays
  • 2013-2015 deal spend, by month
  • Global upstream M&A spend, by deal type
  • Annual upstream M&A spend, by buyer peer group
  • Annual upstream M&A spend, by seller peer group
  • Asset deals – quarterly disclosed spend
  • Corporate deals – quarterly disclosed spend
  • Annual upstream deal count, by primary region
  • Annual upstream M&A spend, by primary region
  • Monthly deal count, by region (3 month trailing average)
  • Monthly deal count outside of North America (3 month trailing average)
  • Disclosed monthly upstream acquisition expenditure, by deal type
  • 2015 acquisitions and disposals, by peer group
  • Net A&D, by peer group – 2015 vs. 2014
  • Valuation band, by spend
  • Valuation band, by count
  • Implied Long-Term Oil Price vs. Traditional 'US$ per barrel' Metrics

Tables

  • Global Upstream M&A: 2015 in review: Table 1
  • Top 10 unconventional resource weighted deals in 2015
  • Top NOC acquisitions outside of home country in 2015
  • Top 10 Majors' disposals in 2015

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