Insight
Global upstream M&A: H1 2021 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
North American corporate consolidation remained the key global trend in 2021. From multi-basin mash-ups to in-basin scale-ups, companies combined at an incredible rate. Read on to find out what’s driving this corporate consolidation, plus: • analysis of global M&A activity • a breakdown of key deals and trends around the regions • a review of what key peer groups have been buying and selling • discussion of valuation trends We also run down the key things to look for in the second half of the year.
Table of contents
- The Majors
- Corporate Service Large/Mid Caps
- Other Public E&Ps
- Private/Private Equity
- NOCs
-
The big theme – corporate consolidation
- North America remains the epicentre
- Single-basin scale and multi-basin diversity – two paths, one goal
- International consolidation to remain more limited
-
North America
- US tight oil
- US gas
- US Gulf of Mexico
- Canada
-
Rest of the World
- Europe
- Asia and Oceania
- Africa
- Middle East
- Latin America
- Russia and the Caspian
Tables and charts
This report includes 27 images and tables including:
- H1 North America peer group
- H1 RoW peer group
- North America deal count
- North America deal spend
- Deal count by region
- Deal spend by region
- H1 2021 deal count compared to historical benchmarks
- H1 2021 disclosed consideration compared to historical benchmarks (exclude US$50bn+ megadeals)
- M&A spend – N.A. tight oil by play
- M&A spend – N.A. uncons gas by resource type
- Value of N.A. deals in Pipeline by resource
- No. of N.A. buyers / sellers in Pipeline
- Value of ROW deals in Pipeline by resource
- No. of ROW buyers / sellers in Pipeline
- M&A H1 2016 – H1 2021
- H1 2021 transactions >US$1 billion
- Weighted average Implied Long-Term Oil Price vs. Brent oil price vs. deal count
- M&A count by deal category
- Net M&A spend by peer group
- Net M&A spend – Majors
- Net M&A spend – NOCs
- Resource traded
- M&A spend by deal category
- Net M&A spend by peer group
- Net M&A spend – Independents (Large/Mid)
- Overseas spend – NOCs by NOC origin
- WM 2P reserves traded by region
What's included
This report contains:
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