David Scott
Managing Director
Alternative Asset Advisory
Dallas
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 Q4 2023.
Top Insights
In 2023, the global oil market experienced a surge of supply from non-OPEC nations such as Guyana, Brazil and the U.S. The United States achieved a surprising production boost equivalent to the entire Venezuelan production of oil.
Global exports of LNG reached 107.2 MMt in Q4 2023, representing a 9.5% increase from Q3. The U.S., Australia and Qatar represent 60% of the total global LNG exports.
In terms of disclosed value, upstream activity was the exclusive driver in QoQ growth, which increased from USD 20bn to USD 172bn in Q4 2023.
In Q4 2023, 18 megadeals valued at USD 179.2bn (92.5% of global disclosed value) were executed. North America (U.S. and Canada) continues to be the most active M&A market accounting for 47% of global disclosed deals and 85% of the worldwide disclosed value.
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.
Valuation Services
When companies require an objective and independent assessment of value, they look to Kroll.
Corporate Finance and Restructuring
M&A advisory, restructuring and insolvency, debt advisory, strategic alternatives, transaction diligence and independent financial opinions.
Mergers and Acquisitions (M&A) Advisory
Kroll’s investment banking practice has extensive experience in M&A deal strategy and structuring, capital raising, transaction advisory services and financial sponsor coverage.
Kroll is headquartered in New York with offices around the world.
55 East 52nd Street 17 Fl
New York NY 10055
Sign up to receive periodic news, reports, and invitations from Kroll.
Our privacy policy describes how your data will be processed.
© 2024 Kroll, LLC. All rights reserved.
Kroll is not affiliated with Kroll Bond Rating Agency,
Kroll OnTrack Inc. or their affiliated businesses. Read more.