Exponential Growth of $931 0 Million Predicted for North America Oil Storage Market by 2023 einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
Oil, gas deal tracker: M&A activity slowed significantly in November
Large-scale oil and gas M&A deal-making tapered off significantly in November following a tidal wave of consolidation activity in October.
During the month, the sector announced 32 whole-company and minority-stake deals, which compared to 34 in November 2019. The combined value of the November 2020 deals rose year over year from $3.07 billion to $4.86 billion, but still fell far short of October’s $32.14 billion.
The aggregate value of announced asset transactions increased over 100% from $443 million to $1.00 billion, and the number of deals rose from 15 to 23.
Riverstone Holdings LLC’s $2.69 billion acquisition of bulk liquid storage and terminal facilities operator International-Matex Tank Terminals Inc. from Macquarie Infrastructure Corp. was the biggest deal announced in November. In October 2019, MIC announced that it was pursuing strategic alternatives, including the sale of the company or its operati
Blog
Blog
PODCAST
Blog
14 Dec, 2020 Author Allison GoodAnna Duquiatan
Large-scale oil and gas M&A deal-making tapered off significantly in November following a tidal wave of consolidation activity in October.
During the month, the sector announced 32 whole-company and minority-stake deals, which compared to 34 in November 2019. The combined value of the November 2020 deals rose year over year from $3.07 billion to $4.86 billion, but still fell far short of October s $32.14 billion.
The aggregate value of announced asset transactions increased over 100% from $443 million to $1.00 billion, and the number of deals rose from 15 to 23.
Riverstone Holdings LLC s $2.69 billion acquisition of bulk liquid storage and terminal facilities operator International-Matex Tank Terminals Inc. from Macquarie Infrastructure Corp. was the biggest deal announced in November. In October 2019, MIC announced that it was pursuing strategic alternatives,