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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

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
    • Majors
    • Independents
    • NOCs
    • Private equity
    • North America
      • Tight oil
      • Unconventional gas
      • Heavy Oil
      • Gulf of Mexico
    • Rest of the World
      • Africa
        • Africa Deal Pipeline entries added/updated in H1 2016
      • Asia Pacific
        • Asia Pacific Deal Pipeline entries added/updated in H1 2016
      • Europe
        • Europe Deal Pipeline entries added/updated in H1 2016
      • Latin America
        • Latin America Deal Pipeline entries added/updated in H1 2016
      • Middle East
        • Middle East Deal Pipeline entries added/updated in H1 2016
      • Russia and Caspian
        • Russia and Caspian Deal Pipeline entries added/updated in H1 2016
        • Appendix 1 – additional charts and tables

Tables and charts

This report includes the following images and tables:

  • H1 2016 deals
  • Global upstream M&A: half-year review 2016: Image 2
  • Global upstream M&A: half-year review 2016: Image 3
  • Implied Long-Term Oil Price (deal by deal) vs. Brent oil price
  • Global M&A spend vs. Brent Prices
  • N. America gas M&A spend vs. HH gas prices
  • Deals in Pipeline by region/resource
  • Deals in Pipeline by disposals / acquisitions
  • H1 2016 deal count compared to historical benchmarks
  • H1 2016 disclosed consideration (US$ million, adjusted) compare to historical benchmarks
  • Deal count split by North America / ROW
  • Disclosed spend* split by North America / ROW
  • 20 more item(s)...

What's included

This report contains:

  • Document

    Global MandA Half Year Review 2016.xls

    XLS 1.10 MB

  • Document

    Global upstream M&A: half year review 2016

    PDF 723.54 KB