In this edition of our Global Oil and Gas M&A Outlook, we examine and evaluate current trends for commodities prices, leading sector indicators, valuation developments, M&A deals conducted and developments on featured specialty subsectors during Q1 2024.

Top Insights

In Q1 2024, there were 251 globally disclosed deals with a total value of USD 101bn, marking a decrease from Q4 2023, which reported 270 deals with a disclosed value of USD 194bn.
During the first quarter of 2024, LNG exports experienced a modest increase, as the expansion of supply is contingent on the introduction of new liquefaction capacity.
With respect to Q4 2023, there was a quarter-on-quarter (QoQ) price rise in the benchmarks for crude oil and refined products, whereas gas benchmarks experienced a price decline.
The opening quarter of 2024 highlights the U.S. influence in the global M&A market. The U.S. reported USD 84bn or 82.6% of global disclosed value and 104 deals or 41.4% of worldwide announced deals.

Global Oil and Gas M&A Outlook–Q1 2024

Global Oil and Gas M&A Outlook–Q1 2024

Global Oil and Gas M&A Outlook–Q1 2024

The Kroll Oil and Gas team understands the idiosyncrasies of the global sector and offers following knowledge through this report. (i) Project and structured commodity finance advisory and asset-based lending advisory. (ii) Joint venture audits, financial joint venture management and preparation of cost certificates. (iii) Valuation of Exploration & Production assets, commercial contracts, etc. and (iv) Development or tariff/rate models for midstream and downstream assets.

We hope you find this report helpful in understanding the current trends in the global oil and gas sector. If you would like to receive further information or discuss any of the findings, please contact us.


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