Insight
Global upstream M&A: H1 2020 review and outlook
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Deal flow cratered in H1 2020. The impact of coronavirus and the oil price collapse saw upstream M&A fall to its lowest level in two decades. The statistics are startling. The fewest number of deals in a half year period. The fewest number of deals in a quarter. The fewest number of deals in a month. The lowest aggregate deal value in a half year period. The first time we have never seen a single billion-dollar-plus deal in a half year period.
Table of contents
- Executive summary
-
Global trends
- Valuations
- Coronavirus/price crash impact on agreed deals
- Corporate highlights
-
Regional review and outlook
- North America
- United States
- Canada
- North America outlook
- What else is in the Deal Pipeline?
- Rest of the World
- Rest of the World outlook
- What else is in the Deal Pipeline?
- Appendix: additional tables and charts
Tables and charts
This report includes 33 images and tables including:
- H1 2020 in numbers
- H1 2020 deals
- H1 2020 M&A deal count
- H1 2020 M&A deal spend
- North America peer group
- RoW peer group
- H1 2020 deal count compared to historical benchmarks
- H1 2020 disclosed consideration compared to historical benchmarks (exclude US$50bn+ megadeals)
- M&A H1 2015 – H1 2020
- H1 2020 transactions >US$100 million
- Weighted average Implied Long-Term Oil Price vs. Brent oil price vs. deal count
- M&A spend by region
- M&A spend by deal category
- Resource traded
- WM 2P reserves traded by region
- Net M&A spend by peer group
- Net M&A spend by peer group H1 2020
- Net M&A spend – Majors
- Net M&A spend – Independents (Large/Mid)
- M&A spend – N.A. tight oil by play
- M&A spend – N.A. uncons gas by resource type
- Net M&A spend – NOCs
- Overseas spend – NOCs by NOC origin
- Implied Long-Term Oil Price vs. traditional 'US$ per barrel' metrics
- Implied Long-Term Oil Price (deal by deal) vs. Brent oil price
- North America deal count
- North America deal spend
- Value of N.A. deals in Pipeline by resource
- No. of N.A. buyers / sellers in Pipeline
- Deal count by region
- Deal spend by region
- Value of ROW deals in Pipeline by resource
- No. of ROW buyers / sellers in Pipeline
What's included
This report contains:
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