Insight
Global upstream M&A: half-year review 2016
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Rallied by a resurgent asset market in May and June, deal count was up by nearly a third year-on-year, albeit still well down on the five-year average. Spend of US$41 billion was well down on H1 2015, but up by more than half when excluding Shell-BG. Asset deal activity was strong, though corporate deals fell to a multi-year low. The period finished with June delivering the highest deal count since July 2014. But a note of caution is required: twelve months ago, in our H1 2015 review, we discussed the same optimism that appeared to be returning to the market. But the oil price slid, confidence evaporated and M&A activity growth faltered.
Table of contents
- Deal activity showing signs of recovery following sluggish start
- Global market ILTOP drops to low US$70s per barrel
- Deal Pipeline swelled by would-be acquirers
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Corporate activity
- Majors
- Independents
- NOCs
- Private equity
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Regional review and outlook
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North America
- Tight oil
- Unconventional gas
- Heavy Oil
- Gulf of Mexico
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Rest of the World
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Africa
- Africa Deal Pipeline entries added/updated in H1 2016
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Asia Pacific
- Asia Pacific Deal Pipeline entries added/updated in H1 2016
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Europe
- Europe Deal Pipeline entries added/updated in H1 2016
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Latin America
- Latin America Deal Pipeline entries added/updated in H1 2016
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Middle East
- Middle East Deal Pipeline entries added/updated in H1 2016
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Russia and Caspian
- Russia and Caspian Deal Pipeline entries added/updated in H1 2016
- Appendix 1 – additional charts and tables
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Africa
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North America
Tables and charts
This report includes the following images and tables:
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H1 2016 dealsGlobal upstream M&A: half-year review 2016: Image 2Global upstream M&A: half-year review 2016: Image 3
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Implied Long-Term Oil Price (deal by deal) vs. Brent oil priceGlobal M&A spend vs. Brent PricesN. America gas M&A spend vs. HH gas pricesDeals in Pipeline by region/resourceDeals in Pipeline by disposals / acquisitionsH1 2016 deal count compared to historical benchmarksH1 2016 disclosed consideration (US$ million, adjusted) compare to historical benchmarksDeal count split by North America / ROWDisclosed spend* split by North America / ROW
- 20 more item(s)...
What's included
This report contains:
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