In 2011, Indian oil and gas M&A was active in major outbound deals as well as inbound transactions.
Africa
A total of 65 African oil and gas transactions were reported in 2011, up from 59 in the previous year. The value of transactions in the year increased to US$7.4b from US$7.1b in 2010, possibly as a result of higher oil prices.
Australia
The value of Australian oil and gas transactions declined over the period by 37% to US$7.2b. Consistent with 2010, most of the transactions — 81% — were in the upstream sector.
Canada
There was a 56% decrease compared to 2010 in the value of Canadian oil and gas transactions from US$37.6b to US$16.4b. The total number of deals decreased by 25% from 202 in 2010 to 151 in 2011. In essence, fewer deals were consummated this year and the ones that did get done were generally smaller in value.
CIS
In 2011, the Commonwealth of Independent States (CIS) region saw an increase in activity and some remarkable events. Another prevalent trend in 2011 was international activity by Russian oil and gas companies. Additionally, consolidation processes have continued in the oilfield services sector.
Europe
There were 136 oil and gas transactions in Europe in 2011, compared to 111 transactions in 2010. Announced deal values rose from US$12.8b in 2010 to US$20.0b in 2011. The majority of activity was in the upstream focused on the North Sea. However, typically more complex corporate transactions in downstream and oilfield services were also a significant component of the landscape.
Far East
Asia 2011 major transactions were largely weighted toward outbound investments as a means to secure security of energy supplies. These transactions were mainly driven by the Chinese NOCs, with focus on upstream assets in the Americas, especially unconventional Canadian and United States shale gas plays, and South American conventional assets (such as in Brazil).
India
In 2011, Indian oil and gas M&A was active in major outbound deals as well as inbound transactions. It is expected to remain active in 2012, with major focus on outbound activity in E&P as well as natural gas sourcing.
United States
Overall oil and gas transaction values increased over 30% in 2011 versus 2010, while deal volume increased almost 14% over the same period.
US transactions accounted for over 50% of total global oil and gas transaction values during 2011 and approximately 45% of total global oil and gas deal volumes for the same period.
The year was characterized by a return to a more robust and steady oil and gas M&A market in comparison to recent years, as evidenced by the realization of deal values of over 57%, and deal volumes of over 7%, from the last five–year average, respectively.
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