Insight
Global upstream M&A: 2018 in review
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Global upstream M&A activity was weak in 2018. Deal count fell 11% year-on-year and only just squeezed past the 2015 nadir. Disclosed deal spend of US$110 billion was the lowest total since 2004. Late-year volatility in commodity and equity markets was partly to blame. Until the final quarter, M&A activity was on course to be flat year-on-year. But Q4 deal count dropped to its lowest level since Q1 2015. Yet, the year was not without its highlights – corporate consolidation surged; spend on tight oil-focused deals soared; BP transformed its unconventional portfolio, and Shell reached its US$30 billion disposal target. This Insight contains a summary of high-level trends and major deals in the upstream M&A market during 2018. We also highlight things to watch for in 2019, based on key potential transactions currently in our Deal Pipeline.
Table of contents
-
Global trends
- Valuations
-
2018 Corporate highlights
- Majors
- Acquisitions
- Disposals
- Corporate Service Large and Mid Caps
- Acquisitions
- Disposals
- NOCs and State-OwnedEntities (SOEs)
- Other Public E&Ps
- 1 more item(s)...
-
Regional review and outlook
- North America
- Capital discipline tempers asset acquisitions
- Tight oil consolidation underpins US activity
- Gulf of Mexico proves an attractive market for buyers
- Canadian consolidation spreads beyond the oil sands
- Rest of the World
- Europe
- Corporate combinations provide standout deals
- 7 more item(s)...
- Appendix 1: Additional tables and charts
-
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 the following images and tables:
-
FY 2018 deals2018 Global upstream M&A deal count2018 Global upstream M&A deal spend
-
2018 upstream M&A spend by primary deal location and buyer peer groupMovement in regional M&A deal countMovement in regional M&A deal spendDeals with disclosed consideration greater than US$1 billion in 2018Top ten unconventional resource weighted deals in 2018Top ten Majors disposals in 2018Annual upstream M&A spend, by buyer peer groupAnnual upstream M&A spend, by seller peer groupAnnual upstream M&A spend, by deal type
- 26 more item(s)...
What's included
This report contains:
Other reports you may be interested in
Insight
MENA upstream in brief
The latest stories and trends in the Middle East and North Africa upstream sector combined with our expert opinion and analysis.
$1,350
Insight
Sub-Saharan Africa upstream in brief
The latest stories and trends in the Sub-Saharan Africa upstream sector combined with our expert opinion and analysis.
$1,350
Insight
Europe upstream in brief
Five topics that dominated our conversations through ONS week.
$1,350
