{"id":10319,"date":"2021-05-12T11:05:37","date_gmt":"2021-05-12T11:05:37","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=10319"},"modified":"2021-05-13T10:55:47","modified_gmt":"2021-05-13T10:55:47","slug":"middle-east-and-africas-oil-gas-industry-saw-a-drop-in-deal-activity-in-q1-2021","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/middle-east-and-africas-oil-gas-industry-saw-a-drop-in-deal-activity-in-q1-2021\/","title":{"rendered":"Middle East and Africa\u2019s Oil &#038; Gas Industry Saw a Drop  in Deal Activity in Q1 2021"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-10258\" src=\"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/04\/Oil-Pump-Jack.jpg?resize=1024%2C630&#038;ssl=1\" alt=\"\" width=\"1024\" height=\"630\" srcset=\"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/04\/Oil-Pump-Jack.jpg?w=1024&amp;ssl=1 1024w, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/04\/Oil-Pump-Jack.jpg?resize=600%2C369&amp;ssl=1 600w, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/04\/Oil-Pump-Jack.jpg?resize=300%2C185&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/04\/Oil-Pump-Jack.jpg?resize=100%2C62&amp;ssl=1 100w, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/04\/Oil-Pump-Jack.jpg?resize=768%2C473&amp;ssl=1 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>Led by $2.59bn asset transaction with BP Exploration (Epsilon), Middle East and Africa\u2019s oil &amp; gas industry saw a drop of 32.92% in deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData\u2019s deals database.<\/p>\n<p>A total of 27 deals worth $4.81bn were announced for the region during Q1 2021, against the last four-quarter average of 40.25 deals.<\/p>\n<p>Of all the deal types, M&amp;A saw most activity in Q1 2021 with 27 deals, representing a 100% share for the region.<\/p>\n<p>In terms of value of deals, M&amp;A was the leading category in Middle East and Africa\u2019s oil &amp; gas industry with $4.81bn.<\/p>\n<p><strong>Middle East and Africa oil &amp; gas industry deals in Q1 2021: Top deals<\/strong><\/p>\n<p>The top five oil &amp; gas deals accounted for a 94.9% share of the overall value during Q1 2021.<\/p>\n<p>The combined value of the top five deals stood at $4.56bn, against the overall value of $4.81bn recorded for the quarter.<\/p>\n<p>The top five oil &amp; gas industry deals of Q1 2021 tracked by GlobalData were:<\/p>\n<ul type=\"disc\">\n<li>PTTEP Mena\u2019s $2.59bn asset transaction with BP Exploration (Epsilon)<\/li>\n<li>The $926m asset transaction with Shell Austria and Shell Egypt by Capricorn Egypt and Cheiron Holdings Egypt<\/li>\n<li>Heirs Holdings and Transnational Corporation of Nigeria\u2019s $802m asset transaction with Eni, Shell Petroleum Developmentof Nigeria Ltd and Total E&amp;P Nigeria<\/li>\n<li>The $132.13m asset transaction deal with Team Tankers Deep Sea by Torm<\/li>\n<li>Panoro Energy\u2019s acquisition of Tullow Equatorial Guinea for $110m.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Led by $2.59bn asset transaction with BP Exploration (Epsilon), Middle East and Africa\u2019s oil &amp; gas industry saw a drop of 32.92% in deal activity during Q1 2021, when compared &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/middle-east-and-africas-oil-gas-industry-saw-a-drop-in-deal-activity-in-q1-2021\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":10258,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,11],"tags":[63,346,9297,9296,709,768,789,8894,1564,1749,9014,2096,9295,2533,8895,2565],"class_list":["post-10319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-top-news","tag-africa","tag-bp","tag-capricorn","tag-cheiron-holdings","tag-egypt","tag-eni","tag-equatorial-guinea","tag-heirs-holdings","tag-middle-east","tag-nigeria","tag-panoro","tag-pttep","tag-shell-petroleum-developmentof-nigeria","tag-total","tag-transnational-corporation-of-nigeria","tag-tullow","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/04\/Oil-Pump-Jack.jpg?fit=1024%2C630&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2Gr","jetpack-related-posts":[{"id":8809,"url":"https:\/\/www.oilnewskenya.com\/index.php\/global-oil-gas-industry-deals-total-28-01bn-in-q2-2020-fueled-by-africa-middle-east\/","url_meta":{"origin":10319,"position":0},"title":"Global Oil &#038; Gas Industry Deals Total $28.01bn in Q2 2020 Fueled by Africa &#038; Middle East","author":"","date":"August 11, 2020","format":false,"excerpt":"Total oil & gas industry deals for Q2 2020 worth $28.01bn were announced globally, according to GlobalData\u2019s deals database. The value marked an increase of 106.2% over the previous quarter and a drop of 68.1% when compared with the last four-quarter average of $87.85bn. In terms of number of deals,\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10787,"url":"https:\/\/www.oilnewskenya.com\/index.php\/global-oil-gas-contracts-activity-in-q2-2021-declined-by-7-globaldata\/","url_meta":{"origin":10319,"position":1},"title":"Global Oil &#038; Gas Contracts Activity in Q2 2021 Declined by 7% &#8211; GlobalData","author":"","date":"August 23, 2021","format":false,"excerpt":"Oil and gas contract activity declined following the relatively stable activity in Q1 2021, with the industry recording a seven percent decrease in the number of contracts and a significant decrease in disclosed contract value in Q2 2021, according to GlobalData, a leading data and analytics company. The latest report\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/oil-rig.jpg?fit=650%2C433&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/oil-rig.jpg?fit=650%2C433&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/oil-rig.jpg?fit=650%2C433&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":15045,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-niger-savannah-energy-provides-q1-trading-update-terming-2025-an-exciting-year\/","url_meta":{"origin":10319,"position":2},"title":"NIGERIA\/NIGER: Savannah Energy  Provides Q1 Trading Update terming 2025 an &#8220;Exciting Year&#8221;","author":"","date":"May 20, 2025","format":false,"excerpt":"Nigeria Existing BusinessAverage gross daily production was 23.6 Kboepd for Q1 2025, broadly in line with the prior year period (Q1 2024: 24.1 Kboepd). On 10 March 2025, we announced the completion of the SIPEC Acquisition. Since its completion, we have commenced work on the planned production expansion with an\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/02\/Savannah-Energy.png?fit=458%2C358&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":10306,"url":"https:\/\/www.oilnewskenya.com\/index.php\/heirs-oil-gas-announces-ceo-and-board-appointments\/","url_meta":{"origin":10319,"position":3},"title":"Heirs Oil &#038; Gas Announces CEO and Board Appointments","author":"","date":"May 10, 2021","format":false,"excerpt":"Heirs Oil & Gas (HHOG) \u00a0has announced the appointment of\u00a0Osayande Igiehon\u00a0as Chief Executive Officer, effective May 4, 2021, together with a distinguished non-executive board, bringing together leading industry figures, with considerable global and regional experience. Heirs Holdings Limited\u2019s (HH) portfolio company, HHOG, completed the acquisition of OML17 in January 2021,\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/05\/heirs-holdings.jpg?fit=1200%2C519&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/05\/heirs-holdings.jpg?fit=1200%2C519&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/05\/heirs-holdings.jpg?fit=1200%2C519&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/05\/heirs-holdings.jpg?fit=1200%2C519&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/05\/heirs-holdings.jpg?fit=1200%2C519&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":7505,"url":"https:\/\/www.oilnewskenya.com\/index.php\/10-developments-that-will-shape-africas-energy-sector-in-2019\/","url_meta":{"origin":10319,"position":4},"title":"10 developments that will shape Africa\u2019s energy sector in 2019","author":"","date":"January 21, 2019","format":false,"excerpt":"After a year of rebound and recovery, Africa\u2019s old and new hydrocarbons markets have an opportunity to further entrench the continent\u2019s position as the world\u2019s hottest oil and gas frontier in 2019. However, the new year also brings a new set of dynamics and challenges set to influence the future\u2026","rel":"","context":"In \"east African crude oil pipeline\"","block_context":{"text":"east African crude oil pipeline","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/east-african-crude-oil-pipeline\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/01\/Offshore-OG-Activity-2014.jpg?fit=819%2C1064&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/01\/Offshore-OG-Activity-2014.jpg?fit=819%2C1064&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/01\/Offshore-OG-Activity-2014.jpg?fit=819%2C1064&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/01\/Offshore-OG-Activity-2014.jpg?fit=819%2C1064&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":9707,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-heirs-holdings-acquires-45-of-oml-17-from-shell-total-and-eni\/","url_meta":{"origin":10319,"position":5},"title":"NIGERIA: Heirs Holdings Acquires 45% of OML 17 from Shell, Total and ENI","author":"","date":"January 17, 2021","format":false,"excerpt":"Heirs Holdings \u00a0the leading African strategic investor, in partnership with affiliated company\u00a0Transnational Corporation of Nigeria Plc (Transcorp), Nigeria\u2019s largest publicly listed conglomerate, announced today the unconditional acquisition of a 45% participating interest in Nigerian oil licence OML 17 and related assets, through\u00a0TNOG Oil and Gas Limited (a related company of\u2026","rel":"","context":"In \"Afam Power Plc\"","block_context":{"text":"Afam Power Plc","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/afam-power-plc\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/01\/NIGERIA-OPL-281.jpg?fit=412%2C324&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/10319","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=10319"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/10319\/revisions"}],"predecessor-version":[{"id":10320,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/10319\/revisions\/10320"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=10319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=10319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=10319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}