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Gas, Oil Rallies Push M&A Deals to Three-Year High, Rystad Says

  • Upstream M&A hit $181 billion in 2021, back to pre-Covid highs
  • Gas deals comprise 56% of all traded resources in 2021: Rystad

Last year’s blistering rally in natural gas and oil prices pushed mergers and acquisitions in the sector to a three-year high with no slowdown in sight, according to consultant Rystad Energy AS.

Global upstream deals reached a total of $181 billion last year, a 70% increase over 2020 levels when activity dried up due to the Covid-19 pandemic, Rystad said in a research report on Friday. Dealings in North America maintained their leadership, followed by Europe.