{"id":8809,"date":"2020-08-11T14:12:36","date_gmt":"2020-08-11T14:12:36","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=8809"},"modified":"2020-08-11T14:12:36","modified_gmt":"2020-08-11T14:12:36","slug":"global-oil-gas-industry-deals-total-28-01bn-in-q2-2020-fueled-by-africa-middle-east","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/global-oil-gas-industry-deals-total-28-01bn-in-q2-2020-fueled-by-africa-middle-east\/","title":{"rendered":"Global Oil &#038; Gas Industry Deals Total $28.01bn in Q2 2020 Fueled by Africa &#038; Middle East"},"content":{"rendered":"<p>Total oil &amp; gas industry deals for Q2 2020 worth $28.01bn were announced globally, according to GlobalData\u2019s deals database.<\/p>\n<p>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.<\/p>\n<p>In terms of number of deals, the sector saw a drop of 30.5% over the last four-quarter average with 405 deals against the average of 583 deals.<\/p>\n<p>In value terms, Middle East and Africa led the activity with deals worth $11.29bn.<\/p>\n<p><strong>Oil &amp; gas industry deals in Q2 2020: Top deals<\/strong><\/p>\n<p>The top five oil &amp; gas deals accounted for 63.6% of the overall value during Q2 2020.<\/p>\n<p>The combined value of the top five oil &amp; gas deals stood at $17.83bn, against the overall value of $28.01bn recorded for the month.<\/p>\n<p>The top five oil &amp; gas industry deals of Q2 2020 tracked by GlobalData were:<\/p>\n<ul>\n<li>-Brookfield Asset Management, GIC, Global Infrastructure Management, NH Investment &amp; Securities, Ontario Teachers\u2019 Pension Plan and Snam\u2019s $10.1bn acquisition of ADNOC Gas Pipeline Assets<\/li>\n<li>-The $5bn asset transaction with BP by Ineos Group<\/li>\n<li>Bluescape Energy Partners, Elliott Management and Fidelity Management &amp; Research\u2019s $1.4bn private equity deal with CenterPoint Energy<\/li>\n<li>-The $750m private equity deal with DoublePoint Energy by Apollo Global Management, Double Eagle Energy Holdings, FourPoint Energy, Magnetar Capital and Quantum Energy Partners<\/li>\n<li>-Total\u2019s asset transaction with Tullow Uganda and Tullow Uganda Operations for $575m.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Total oil &amp; 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 &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/global-oil-gas-industry-deals-total-28-01bn-in-q2-2020-fueled-by-africa-middle-east\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":0,"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":[8135,8136,8142,346,8146,8145,8137,8143,8144,8138,955,8147,8148,5237,8141,8139,8149,1827,8150,8140,2574],"class_list":["post-8809","post","type-post","status-publish","format-standard","hentry","category-countries","category-top-news","tag-adnoc-gas-pipeline","tag-apollo-global-management","tag-bluescape-energy-partners","tag-bp","tag-brookfield-asset-management","tag-centerpoint-energy","tag-double-eagle-energy-holdings","tag-elliott-management","tag-fidelity-management-research","tag-fourpoint-energy","tag-gas","tag-gic","tag-global-infrastructure-management","tag-globaldata","tag-ineos-group","tag-magnetar-capital","tag-nh-investment-securities","tag-oil","tag-ontario-teachers-pension-plan","tag-quantum-energy-partners","tag-tullow-uganda","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2i5","jetpack-related-posts":[{"id":10319,"url":"https:\/\/www.oilnewskenya.com\/index.php\/middle-east-and-africas-oil-gas-industry-saw-a-drop-in-deal-activity-in-q1-2021\/","url_meta":{"origin":8809,"position":0},"title":"Middle East and Africa\u2019s Oil &#038; Gas Industry Saw a Drop  in Deal Activity in Q1 2021","author":"","date":"May 12, 2021","format":false,"excerpt":"Led by $2.59bn asset transaction with BP Exploration (Epsilon), Middle East and Africa\u2019s oil & 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. A total of 27 deals worth $4.81bn were announced for\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\/04\/Oil-Pump-Jack.jpg?fit=1024%2C630&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/04\/Oil-Pump-Jack.jpg?fit=1024%2C630&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/04\/Oil-Pump-Jack.jpg?fit=1024%2C630&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/04\/Oil-Pump-Jack.jpg?fit=1024%2C630&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":10001,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africa-oil-announces-2020-fourth-quarter-results\/","url_meta":{"origin":8809,"position":1},"title":"Africa Oil Announces 2020 Fourth Quarter Results","author":"","date":"March 1, 2021","format":false,"excerpt":"Highlights Africa Oil fourth quarter net income of\u00a0$79.8 million\u00a0and full-year net income of\u00a0$198.0 million, excluding a\u00a0$215.6 million\u00a0non-cash impairment of\u00a0Kenya\u00a0exploration assets posted in the first quarter 2020. Strong quarterly profit contribution by Prime to AOC's net income amounting to\u00a0$59.2 million. During 2020, Africa Oil repaid\u00a0$109 million\u00a0of its\u00a0$250 million\u00a0corporate term loan facility\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\/2020\/11\/Africa-Oil-S.A-Portfolio.jpg?fit=400%2C275&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":7983,"url":"https:\/\/www.oilnewskenya.com\/index.php\/oil-and-gas-ma-deal-value-decreased-in-2019-driven-by-energy-transition-considerations-and-global-uncertainty-ey\/","url_meta":{"origin":8809,"position":2},"title":"Oil and gas M&#038;A deal value decreased in 2019 driven by energy transition considerations and global uncertainty &#8211; EY","author":"","date":"February 14, 2020","format":false,"excerpt":"Global oil and gas overall deal volume and deal value were down 17.7% and 10.8% respectively in 2019, as stagnant commodity prices, disappointing results, and low returns left the industry searching for capital. This is according to the\u00a0EY Global oil and gas transactions review 2019, which reveals that the transaction\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/02\/EY-Oil-Check.jpg?fit=927%2C617&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/02\/EY-Oil-Check.jpg?fit=927%2C617&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/02\/EY-Oil-Check.jpg?fit=927%2C617&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/02\/EY-Oil-Check.jpg?fit=927%2C617&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":3938,"url":"https:\/\/www.oilnewskenya.com\/index.php\/east-africa-oil-and-gas-expo-set-for-nairobi-dar-es-salaam-in-q2-2016\/","url_meta":{"origin":8809,"position":3},"title":"East Africa Oil and Gas Expo set for Nairobi, Dar es Salaam in Q2 2016","author":"","date":"October 26, 2015","format":false,"excerpt":"For the fifth time in Kenya and second time in Tanzania the East Africa Oil and Gas Expo is set to occur in East Africa targeting key players in the oil and gas community, attracting leading oil, gas and petroleum companies from around the world. In Kenya the organizers hopes\u2026","rel":"","context":"In &quot;Events&quot;","block_context":{"text":"Events","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/events\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/10\/Unipro.png?fit=800%2C498&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/10\/Unipro.png?fit=800%2C498&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/10\/Unipro.png?fit=800%2C498&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/10\/Unipro.png?fit=800%2C498&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":8674,"url":"https:\/\/www.oilnewskenya.com\/index.php\/cameroon-victoria-oil-gas-provides-q2-2020-operational-update\/","url_meta":{"origin":8809,"position":4},"title":"CAMEROON: Victoria Oil &#038; Gas Provides Q2 2020 Operational Update","author":"","date":"July 27, 2020","format":false,"excerpt":"\u00a0\u00b7\u00a0\u00a0\u00a0\u00a0The Company remains vigilant in relation to the Covid-19 pandemic and adherent to the authorities' guidelines in the jurisdictions in which it works: the lockdown in Cameroon was eased in May 2020, but a restrictive lockdown persists in the YaNAO region of the FSU where our West Medvezhye asset is\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\/2020\/07\/Victoria-Oil-Gas-Plc.png?fit=235%2C215&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":659,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tanzania-to-review-gas-drilling-deals\/","url_meta":{"origin":8809,"position":5},"title":"Tanzania to Review Gas-Drilling Deals","author":"Samuel Kamau Mbote","date":"March 5, 2014","format":false,"excerpt":"All contracts held by oil and gas exploration companies in Tanzania will be reviewed at the end of the year as the country revamps laws regulating the sector that has seen natural gas discoveries. Tanzania says the overhaul of the Petroleum (Exploration and Production) Act 1980\u00a0is motivated by the need\u2026","rel":"","context":"In &quot;Oil Politics&quot;","block_context":{"text":"Oil Politics","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/oil-politics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2013\/12\/tanzania_dsm_main.png?fit=1200%2C422&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2013\/12\/tanzania_dsm_main.png?fit=1200%2C422&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2013\/12\/tanzania_dsm_main.png?fit=1200%2C422&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2013\/12\/tanzania_dsm_main.png?fit=1200%2C422&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2013\/12\/tanzania_dsm_main.png?fit=1200%2C422&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/8809","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=8809"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/8809\/revisions"}],"predecessor-version":[{"id":8810,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/8809\/revisions\/8810"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=8809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=8809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=8809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}