Insight
M&A market update: February 2019 - recovery yet to emerge
Report summary
Though oil prices and equity markets sustained a partial recovery in February, caution and discipline continued to restrict upstream M&A activity. Disclosed spend hit a multi-year low for the third consecutive month, totalling US$1.3 billion across 17 announced transactions. While the number of deals in North America edged up, it remained well below historical averages. Only five deals were announced outside of North America. This Insight contains a snapshot of high-level trends in the upstream M&A market, and a summary of major deal activity – both announced and rumoured – during February 2019. In this M&A monthly market update: a review of upstream M&A trends; a summary of the month’s biggest announced deals; commentary on the current Deal Pipeline (potential/rumoured deals).
Table of contents
- The month in brief
-
Announced deals
- Trends
- Headline deals: announced
- North America
- Rest of the World
-
Deal Pipeline
- Headline additions
- Notable updates
Tables and charts
This report includes 10 images and tables including:
- Weighted average Implied Long-Term Oil Price vs. Brent oil price
- No. of deals in Pipeline by region/resource
- Value of deals in Pipeline by region/resource
- Monthly deal count North America vs. ROW
- Monthly deal spend North America vs. ROW
- Monthly deal count by region ROW
- Monthly deal spend by region ROW
- Implied Long-Term Oil Price (deal by deal) vs. Brent oil price
- Global M&A – February 2019
- Monthly spread between Brent and the Implied Long-Term Oil Price vs. deal count vs. deal spend
What's included
This report contains:
Other reports you may be interested in
Insight
Long-term Brent price maintained at US$65/bbl – oil and gas price assumptions versus forecasts
Defining our price assumptions and methodology, their use in our tools and services, and why these are independent of our price forecasts.
$1,350
Insight
Gold in Brief
Our Gold in brief is a rolling coverage of key events as they happen in the global Gold market.
$1,050
Insight
Global upstream M&A in brief: 2021 archive
The global upstream M&A in brief provides the Wood Mackenzie view on all of the key M&A events as they unfold.
$1,350
