MEA Energy Sector's Deal Activity Soars 33 Percent in Q4 Published January 31st, 2021 - 01:30 GMT In second place was private equity with one deal capturing 1.9% of the overall deal activity for the quarter. (Shutterstock) Highlights A total of 52 deals worth $4.7 billion were announced for the region during Q4 2020, against the last four-quarter average of 39 deals. Middle East and Africa’s oil & gas industry saw a rise of 33.3% in overall deal activity during Q4 2020, when compared to the four-quarter average, according to GlobalData’s deals database. A total of 52 deals worth $4.7 billion were announced for the region during Q4 2020, against the last four-quarter average of 39 deals.