Announced worldwide M&A in third-quarter 2022 fell 48.1% to $544.4 billion compared with the same time last year, according to analytics and consulting firm GlobalData.
Deal value for the third quarter actually fell below COVID-hit 2020’s third quarter deal value and was the worst quarter since 2018, GlobalData said.
“Deal activity failed to sustain 2021’s momentum through 2022 due to volatile market conditions amid geopolitical tensions and macroeconomic pressures,” the firm said in a Nov. 8 report.
U.S. oil and gas deals made up three of the top five global M&A transactions in the first three quarters of the year, including two deals involving upstream companies, according to GlobalData.
Top deals in the U.S. included the $8.1 billion merger of South Jersey Industries Inc. and Infrastructure Investments Fund, as well as two shale-related transactions by EQT Corp. and the merger of Whiting Petroleum Corp. and Oasis Petroleum Inc. to form Chord Energy Corp.
Here’s a look at how the energy market fared in the first three quarters of 2022, the top legal advisers on those deals and the top energy deals so far this year.
Quarterly breakdown by deal value, volume, size
M&A deals by sector
Top oil & gas M&A deals
Top legal advisers
2022-11-02 - The transaction offer between ProPetro and Silvertip included 10.1 million shares of ProPetro common stock, $30 million in cash and $7 million in assumed debt.
2022-09-19 - At launch of the Schlumberger Digital Platorm Program, nine independent software vendors are offering software solutions to Schlumberger customers.
2022-09-22 - The deployment of Schlumberger and Microsoft's OSDU data platform will accelerate time-to-value and break data silos, according to Wintershall Dea.
2022-09-21 - At the Schlumberger Digital Forum 2022 in Lucerne, Switzerland, the company presented its newest data solution, co-created with Microsoft Energy Data Services.
2022-09-09 - Operating in the Permian and Denver-Julesburg basins, Total Frac Solutions provides systems that support zipper frac and simulfrac operations.