Global upstream M&A: 2016 in review
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Report summary
Upstream M&A began to recover in 2016; deal count jumped 24% year-on-year, and disclosed spend increased in each successive quarter, crossing US$60 billion in Q4 for only the eighth time on record. But the story was more nuanced than these figures suggest. It was a tale of three markets: North American unconventionals (in particular, the Permian Basin); Russia (geopolitics and privatisation) and the rest (underpinned by the Majors; accelerating at the end of the year). In this Insight, we provide an in-depth analysis of the global upstream M&A market in 2016, looking at buyers, sellers, regional activity, valuations and more. For more information on the outlook for M&A, see The fear is lifting: global upstream M&A in 2017.
What's included
This report contains
Table of contents
- 2016 upstream M&A spend by primary deal location and buyer peer group
- Valuations
- Regional breakdown
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Companies
- Net M&A spend by company: top 15 buyers and sellers
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Resource Type
- Oil versus gas
- LNG
- Unconventionals
- North American tight oil
- Unconventional gas
- Canada oil sands
- Elsewhere
- Monthly / quarterly market trends
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Deal type and size
- Corporate deals fall while asset activity bounces
- Deal size
- Deal Pipeline
- Appendix 1 - Additional charts and tables
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Appendix 2 - Methodology
- Scope of coverage
- Implied Long-Term Oil Price Methodology
- Benefits of the Implied Long-Term Oil Price Methodology
- M&A Service
Tables and charts
This report includes 39 images and tables including:
Images
- Global upstream M&A: 2016 in review: Image 2
- Weighted average Implied Long-Term Oil Price (deal-by-deal) vs. Brent oil price
- Annual upstream M&A deal count, by region
- Monthly upstream M&A deal spend, by region
- Global upstream M&A: 2016 in review: Image 6
- 2016 global upstream M&A spend by primary country, highlighting ten largest deals by value
- Annual upstream M&A deal spend, by deal type
- Monthly upstream M&A deal spend, by deal type
- No. of deals in Pipeline by region and resource type
- Value of deals in Pipeline by region and resource type
- Annual upstream M&A spend, by buyer peer group
- Global upstream M&A: 2016 in review: Image 27
- Global upstream M&A: 2016 in review: Image 28
- Global upstream M&A: 2016 in review: Image 29
- 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)
- Global upstream M&A: 2016 in review: Image 34
- 2016 acquisitions and disposals, by peer group
- Net A&D, by peer group – 2016 vs. 2015
- Global upstream M&A: 2016 in review: Image 8
- Global upstream M&A: 2016 in review: Image 9
- IOC net spend (adj. for +$10bn deals)
- NOC overseas investment in M&A, by NOC origin
- Global upstream M&A: 2016 in review: Image 12
- Global upstream M&A: 2016 in review: Image 13
- North America extended peer group net spend
- RoW extended peer group net spend
- Resource volume traded
- Spend by resource type (oil, gas or mixture)
- Annual upstream M&A spend in NA uncons
- Annual upstream M&A spend in NA tight oil plays
- Valuation band, by spend
- Valuation band, by count
- Implied Long-Term Oil Price vs. Traditional 'US$ per barrel' Metrics
Tables
- Top 10 unconventional resource weighted deals in 2016
- Top NOC acquisitions outside of home country in 2016
- Top 10 Majors' disposals in 2016
You may be interested in
CNPC corporate - global upstream portfolio analysis
EOG Resources corporate - reported results analysis
Suncor Energy corporate - reported results analysis
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