1 Table of Contents 2
1.1 List of Tables 4
1.2 List of Figures 6
2 Oil and Gas Industry, Deal Summary 8
2.1 Oil and Gas Industry, Global Deals Analysis, 2010 8
2.1.1 Oil and Gas Industry, Global Deals Analysis, 2010 by Quarter 10
2.2 Oil and Gas Industry, Global Number of Deals by Type, 2010 12
2.3 Oil and Gas Industry, Top Deals, Global, 2010 13
2.4 Oil and Gas Industry, Top Deals, Summaries, Global, 2010 14
2.4.1 Petrobras Completes Public Offering Of $40.8 Billion 14
2.4.2 Ecopetrol Announces Public Offering Of Bonds For $18.1 Billion 14
2.4.3 AsherXino Acquires 40% Interest In OPL 289 In Nigeria From Cleanwaters Consortium & Seven Waves 14
2.4.4 Schlumberger Merges With Smith International 15
2.4.5 Vedanta Resources To Acquire Majority Interest In Cairn India 15
2.4.6 Enterprise Products Acquires Enterprise GP Holdings 15
2.4.7 Repsol To Sell 40% Interest In Repsol YPF Brasil To Sinopec 16
2.4.8 Bridas To Acquire 60% Interest In Pan American Energy From BP 16
2.4.9 INPEX Announces Secondary Offering For $6.6 Billion 16
2.4.10 Electricite de France To Sell Its 45% Stake In EnBW Energie Baden-Wurttemberg 17
3 Oil and Gas Industry, Top Deal Makers, 2010 18
4 Oil and Gas Industry, Deals by Type 20
4.1 Oil and Gas Industry, Deals by Type, Global, 2006-2010 20
4.2 Oil and Gas Industry, Global Asset Transactions, 2010 21
4.2.1 Oil and Gas Industry, Global Asset Transactions, 2010 by Quarter 23
4.2.2 Top Asset Purchase Transactions in 2010 24
4.3 Oil and Gas Industry, Global M&A Deals, 2010 25
4.3.1 Oil and Gas Industry, Global M&A Deals, 2010 by Quarter 26
4.3.2 Top M&A Deals in 2010 27
4.4 Oil and Gas Industry, Global Equity Offerings, 2010 28
4.4.1 Oil and Gas Industry, Global Equity Offerings, 2010, by Quarter 29
4.4.2 Oil and Gas Industry, Global IPOs, 2010 30
4.4.3 Oil and Gas Industry, Global Secondary Offerings, 2010 32
4.4.4 Oil and Gas Industry, Global PIPE Deals, 2010 34
4.5 Oil and Gas Industry, Global Debt Offerings, 2010 36
4.5.1 Oil and Gas Industry, Global Debt Offerings, 2010 by Quarter 37
4.5.2 Oil and Gas Industry, Global Public Debt Offerings, 2010 38
4.5.3 Oil and Gas Industry, Global Private Debt Placements, 2010 40
4.6 Oil and Gas Industry, Global Private Equity/Venture Capital Deals, 2010 42
4.6.1 Oil and Gas Industry, Global Private Equity/Venture Capital Deals, 2010 by Quarter 43
4.6.2 Oil and Gas Industry, Global Top PE/VC Firms, 2010 44
4.6.3 Top Private Equity/Venture Capital Deals in 2010 45
4.7 Oil and Gas Industry, Global Partnership Deals, 2010 46
4.7.1 Oil and Gas Industry, Global Partnership Deals, 2010 by Quarter 47
4.7.2 Partnership Deals in 2010 48
5 Oil and Gas, Deal Summary, By Sector 50
5.1 Global Upstream Oil and Gas Deals, 2010 50
5.1.1 Global Upstream Oil and Gas Deals, 2010, by Quarter 52
5.1.2 Upstream Energy – Deals of the Year 53
5.1.3 Upstream Oil and Gas, Global Acquisitions and Asset Purchase Deals Multiples, 2006-2010 55
5.1.4 Upstream Oil and Gas, Global Acquisitions and Asset Purchase Deals Multiples, Q1 2010–Q4 2010 56
5.2 Oil and Gas, Upstream Deal Multiples, 2010, By Geography 57
5.2.1 North America Oil and Gas, Upstream Acquisitions and Asset Transactions Multiples, 2006–2010 57
5.2.2 Europe Oil and Gas, Upstream Acquisitions and Asset Transactions Multiples, 2006–2010 57
5.2.3 Asia-Pacific Oil and Gas, Upstream Acquisitions and Asset Transactions Multiples, 2006–2010 57
5.2.4 Rest of the World Oil and Gas, Upstream Acquisitions and Asset Transactions Multiples, 2006–2010 58
5.3 Oil and Gas, Upstream Deal Multiples, 2010 by Quarter, by Geography 59
5.3.1 North America Oil and Gas, Upstream Acquisitions and Asset Transactions Multiples, Q1 2010–Q4 2010 59
5.3.2 Europe Oil and Gas, Upstream Acquisitions and Asset Transactions Multiples, Q1 2010–Q4 2010 59
5.3.3 Asia-Pacific Oil and Gas, Upstream Acquisitions and Asset Transactions Multiples, Q1 2010–Q4 2010 59
5.3.4 Rest of the World Oil and Gas, Upstream Acquisitions and Asset Transactions Multiples, Q1 2010–Q4 2010 60
5.4 Global Midstream Oil and Gas Deals, 2010 61
5.4.1 Global Midstream Oil and Gas Deals, 2010, by Quarter 63
5.4.2 Midstream Energy – Deals of the Year 64
5.5 Global Downstream Oil and Gas Deals, 2010 66
5.5.1 Global Downstream Oil and Gas Deals, 2010, by Quarter 68
5.5.2 Downstream Energy – Deals of the Year 69
5.6 Global Oil and Gas Equipment and Services Deals, 2010 70
5.6.1 Global Oil and Gas Equipment and Services Deals, 2010, by Quarter 72
5.6.2 Equipment and Services – Deals of the Year 73
6 Oil and Gas Industry, Deal Summary, By Geography 75
6.1 Oil and Gas Industry, North America Region Deals, 2010 75
6.1.1 Oil and Gas Industry, North America Region Deals, 2010, by Quarter 77
6.1.2 North America – Top Deals of the Year 78
6.1.3 North America Oil and Gas, Upstream Acquisitions and Asset Transactions Multiples, 2006-2010 80
6.1.4 North America Oil and Gas, Upstream Acquisitions and Asset Transactions Multiples, Q1 2010–Q4 2010 81
6.2 Oil and Gas Industry, European Region Deals, 2010 82
6.2.1 Oil and Gas Industry, European Region Deals, 2010, by Quarter 83
6.2.2 Europe – Deals of the Year 84
6.3 Oil and Gas Industry, Asia-Pacific Region Deals, 2010 85
6.3.1 Oil and Gas Industry, Asia-Pacific Region Deals, 2010, by Quarter 86
6.3.2 Asia-Pacific – Deals of the Year 87
6.4 Oil and Gas Industry, Rest of the World Deals, 2010 89
6.4.1 Oil and Gas Industry, Rest of the World Deals, 2010, by Quarter 91
6.4.2 ROW – Deals of the Year 92
7 Oil and Gas Industry, Top Financial Advisors 94
7.1 Oil and Gas Industry, Global Top Financial Advisors, M&A, 2010 94
7.2 Oil and Gas Industry, Global Top Financial Advisors, Equity Offerings, 2010 95
7.3 Oil and Gas Industry, Global Top Financial Advisors, Debt Offerings, 2010 96
8 Oil and Gas Industry, Top Legal Advisors 97
8.1 Oil and Gas Industry, Global Top Legal Advisors, Deal Summary, 2010 97
9 Further Information 98
9.1 Methodology 98
9.2 About the Publisher 98
9.3 Contact Us 99
9.4 Disclosure information 99
9.5 Disclaimer 99
List of Tables
Table 1: Oil and Gas Industry, Deals Summary, Global, Number of Deals and Deal Values (US$m), 2006-2010 9
Table 2: Oil and Gas Industry, Deals Summary, Global, Number of Deals and Deal Values (US$m), Q1 2010-Q4 2010 11
Table 3: Oil and Gas Industry, Deals by Type, Global, Deals (Number and %), 2010 12
Table 4: Oil and Gas Industry, Top Deals, Global, 2010 13
Table 5: Oil and Gas Industry, Top Deal Makers, Global, Number of Deals and Deal Values (US$m), 2010 18
Table 6: Oil and Gas Industry, Deals by Type, Global, Summary, 2006-2010 20
Table 7: Oil and Gas Industry, Asset Transactions, Deals Summary, Global, Number of Deals and Deal Values (US$m), 2006-2010 22
Table 8: Oil and Gas Industry, Asset Transactions, Deals Summary, Global, Number of Deals and Deal Values (US$m), Q1 2010-Q4 2010 24
Table 9: Oil and Gas Industry, Top Asset Transactions, Global, 2010 24
Table 10: Oil and Gas Industry, M&A, Global, Number of Deals and Deal Values (US$m), 2006-2010 25
Table 11: Oil and Gas Industry, M&A Deals, Deals Summary, Number of Deals and Deal Values (US$m), Q1 2010–Q4 2010 26
Table 12: Oil and Gas Industry, Top M&A Deals, Global, 2010 27
Table 13: Oil and Gas Industry, Equity Offerings, Deals Summary, Global, Number of Deals and Deal Values (US$m), 2006-2010 28
Table 14: Oil and Gas Industry, Equity Offerings, Deals Summary, Global, Number of Deals and Deal Values (US$m), Q1 2010-Q4 2010 29
Table 15: Oil and Gas Industry, IPOs, Deals Summary, Global, Number of Deals and Deal Values (US$m), 2006-2010 30
Table 16: Oil and Gas Industry, Top IPOs, Global, 2010 31
Table 17: Oil and Gas Industry, Secondary Offerings, Deals Summary, Global, Number of Deals and Deal Values (US$m), 2006-2010 32
Table 18: Oil and Gas Industry, Top Secondary Offerings, Global, 2010 33
Table 19: Oil and Gas Industry, PIPE Deals, Deals Summary, Global, Number of Deals and Deal Values (US$m), 2006-2010 34
Table 20: Oil and Gas Industry, Top PIPE Deals, Global, 2010 35
Table 21: Oil and Gas Industry, Debt Offerings, Deals Summary, Global, Number of Deals and Deal Values (US$m), 2006-2010 36
Table 22: Oil and Gas Industry, Debt Offerings, Deals Summary, Global, Number of Deals and Deal Values (US$m), Q1 2010-Q4 2010 37
Table 23: Oil and Gas Industry, Public Debt Offerings, Deals Summary, Global, Number of Deals and Deal Values (US$m), 2006-2010 38
Table 24: Oil and Gas Industry, Top Public Debt Offerings, Global, 2010 39
Table 25: Oil and Gas Industry, Private Debt Placements, Deals Summary, Global, Number of Deals and Deal Values (US$m), 2006-2010 40
Table 26: Oil and Gas Industry, Top Private Debt Placements, Global, 2010 41
Table 27: Oil and Gas Industry, PE/VC, Deals Summary, Global, Number of Deals and Deal Values (US$m), 2006-2010 42
Table 28: Oil and Gas Industry, PE/VC, Deals Summary, Global, Number of Deals and Deal Values (US$m), Q1 2010-Q4 2010 43
Table 29: Oil and Gas Industry, Top PE/VC Firms, Global, Number of Deals and Deal Values (US$m), 2010 44
Table 30: Oil and Gas Industry, Top PE/VC Deals, Global, 2010 45
Table 31: Oil and Gas Industry, Partnerships, Deals Summary, Global, Number of Deals, 2006-2010 46
Table 32: Oil and Gas Industry, Partnerships, Deals Summary, Global, Number of Deals, Q1 2010–Q4 2010 47
Table 33: Upstream Oil and Gas Industry, Deals Summary, Global, Number of Deals and Deal Values (US$m), 2006-2010 51
Table 34: Upstream Oil and Gas Industry, Deals Summary, Global, Number of Deals and Deal Values (US$m), Q1 2010–Q4 2010 53
Table 35: Upstream Oil and Gas, Global Acquisitions and Asset Transactions Multiples, 2006-2010 55
Table 36: Upstream Oil and Gas, Global Acquisitions and Asset Transactions Multiples, Q1 2010–Q4 2010 56
Table 37: North America Oil and Gas, Upstream Acquisitions and Asset Transactions Multiples, 2006–2010 57
Table 38: Europe Oil and Gas, Upstream Acquisitions and Asset Transactions Multiples, 2006–2010 57
Table 39: Asia-Pacific Oil and Gas, Upstream Acquisitions and Asset Transactions Multiples, 2006–2010 57
Table 40: Rest of the World Oil and Gas, Upstream Acquisitions and Asset Transactions Multiples, 2006–2010 58
Table 41: North America Oil and Gas, Upstream Acquisitions and Asset Transactions Multiples, Q1 2010–Q4 2010 59
Table 42: Europe Oil and Gas, Upstream Acquisitions and Asset Transactions Multiples, Q1 2010–Q4 2010 59
Table 43: Asia-Pacific Oil and Gas, Upstream Acquisitions and Asset Transactions Multiples, Q1 2010–Q4 2010 59
Table 44: Rest of the World Oil and Gas, Upstream Acquisitions and Asset Transactions Multiples, Q1 2010–Q4 2010 60
Table 45: Midstream Oil and Gas Industry, Deals Summary, Global, Number of Deals and Deal Values (US$m), 2006-2010 62
Table 46: Midstream Oil and Gas Industry, Deals Summary, Global, Number of Deals and Deal Values (US$m), Q1 2010–Q4 2010 63
Table 47: Downstream Oil and Gas Industry, Deals Summary, Global, Number of Deals and Deal Values (US$m), 2006-2010 67
Table 48: Downstream Oil and Gas Industry, Deals Summary, Global, Number of Deals and Deal Values (US$m), Q1 2010–Q4 2010 68
Table 49: Oil and Gas Equipment and Services Industry, Deals Summary, Global, Number of Deals and Deal Values (US$m), 2006-2010 71
Table 50: Oil and Gas Equipment and Services Industry, Deals Summary, Global, Number of Deals and Deal Values (US$m), Q1 2010–Q4 2010 73
Table 51: Oil and Gas Industry, North America, Deals Summary, Number of Deals and Deal Values (US$m), 2006-2010 76
Table 52: Oil and Gas Industry, North America, Deals Summary, Number of Deals and Deal Values (US$m), Q1 2010-Q4 2010 77
Table 53: North America Oil and Gas, Upstream Acquisitions and Asset Transactions Multiples, 2006-2010 80
Table 54: North America Oil and Gas, Upstream Acquisitions and Asset Transactions Multiples, Q1 2010–Q4 2010 81
Table 55: Oil and Gas Industry, Europe, Deals Summary, Number of Deals and Deal Values (US$m), 2006-2010 82
Table 56: Oil and Gas Industry, Europe, Deals Summary, Number of Deals and Deal Values (US$m), Q1 2010-Q4 2010 83
Table 57: Oil and Gas Industry, Asia-Pacific, Deals Summary, Number of Deals and Deal Values (US$m), 2006-2010 85
Table 58: Oil and Gas Industry, Asia-Pacific, Deals Summary, Number of Deals and Deal Values (US$m), Q1 2010–Q4 2010 87
Table 59: Oil and Gas Industry, Rest of the World, Deals Summary, Number of Deals and Deal Values (US$m), 2006-2010 90
Table 60: Oil and Gas Industry, Rest of the World, Deals Summary, Number of Deals and Deal Values (US$m), Q1 2010–Q4 2010 92
Table 61: Oil and Gas Industry, Global Top Financial Advisors, M&A, Number of Deals and Deal Values (US$m), 2010 94
Table 62: Oil and Gas Industry, Global Top Financial Advisors, Equity Offerings, Number of Deals and Deal Values (US$m), 2010 95
Table 63: Oil and Gas Industry, Global Top Financial Advisors, Debt Offerings, Number of Deals and Deal Values (US$m), 2010 96
Table 64: Oil and Gas Industry, Global Top Legal Advisors, Number of Deals and Deal Values (US$m), 2010 97
List of Figures
Figure 1: Oil and Gas Industry, Global, Number of Deals and Deal Values (US$m), 2006-2010 8
Figure 2: Oil and Gas Industry, Global, Number of Deals and Deal Values (US$m), Q1 2010-Q4 2010 10
Figure 3: Oil and Gas Industry, Global Number of Deals by Type (%), 2010 12
Figure 4: Oil and Gas Industry, Deals by Type, Global, 2006-2010 20
Figure 5: Oil and Gas Industry, Asset Transactions, Global, Number of Deals and Deal Values (US$m), 2006-2010 21
Figure 6: Oil and Gas Industry, Asset Transactions, Global, Number of Deals and Deal Values (US$m), Q1 2010-Q4 2010 23
Figure 7: Oil and Gas Industry, M&A Deals, Global, Number of Deals and Deal Values (US$m), 2006-2010 25
Figure 8: Oil and Gas Industry, M&A Deals, Global, Number of Deals and Deal Values (US$m), Q1 2010–Q4 2010 26
Figure 9: Oil and Gas Industry, Equity Offerings, Global, Number of Deals and Deal Values (US$m), 2006-2010 28
Figure 10: Oil and Gas Industry, Equity Offerings, Global, Number of Deals and Deal Values (US$m), Q1 2010–Q4 2010 29
Figure 11: Oil and Gas Industry, IPOs, Global, Number of Deals and Deal Values (US$m), 2006-2010 30
Figure 12: Oil and Gas Industry, Secondary Offerings, Global, Number of Deals and Deal Values (US$m), 2006-2010 32
Figure 13: Oil and Gas Industry, PIPE Deals, Global, Number of Deals and Deal Values (US$m), 2006-2010 34
Figure 14: Oil and Gas Industry, Debt Offerings, Global, Number of Deals and Deal Values (US$m), 2006-2010 36
Figure 15: Oil and Gas Industry, Debt Offerings, Global, Number of Deals and Deal Values (US$m), Q1 2010-Q4 2010 37
Figure 16: Oil and Gas Industry, Public Debt Offerings, Global, Number of Deals and Deal Values (US$m), 2006-2010 38
Figure 17: Oil and Gas Industry, Private Debt Placements, Global, Number of Deals and Deal Values (US$m), 2006-2010 40
Figure 18: Oil and Gas Industry, PE/VC, Global, Number of Deals and Deal Values (US$m), 2006-2010 42
Figure 19: Oil and Gas Industry, PE/VC, Global, Number of Deals and Deal Values (US$m), Q1 2010-Q4 2010 43
Figure 20: Oil and Gas Industry, Top PE/VC Firms, Global, Number of Deals and Deal Values (US$m), 2010 44
Figure 21: Oil and Gas Industry, Partnerships, Global, Number of Deals, 2006-2010 46
Figure 22: Oil and Gas Industry, Partnerships, Global, Number of Deals, Q1 2010–Q4 2010 47
Figure 23: Upstream Oil and Gas Industry, Global, Number of Deals and Deal Values (US$m), 2006-2010 50
Figure 24: Upstream Oil and Gas Industry, Global, Number of Deals and Deal Values (US$m), Q1 2010–Q4 2010 52
Figure 25: Upstream Oil and Gas, Global Acquisitions and Asset Purchase Deals Multiples, 2006-2010 55
Figure 26: Upstream Oil and Gas, Global Acquisitions and Asset Purchase Deals Multiples, Q1 2010–Q4 2010 56
Figure 27: Midstream Oil and Gas Industry, Global, Number of Deals and Deal Values (US$m), 2006-2010 61
Figure 28: Midstream Oil and Gas Industry, Global, Number of Deals and Deal Values (US$m), Q1 2010-Q4 2010 63
Figure 29: Downstream Oil and Gas Industry, Global, Number of Deals and Deal Values (US$m), 2006-2010 66
Figure 30: Downstream Oil and Gas Industry, Global, Number of Deals and Deal Values (US$m), Q1 2010–Q4 2010 68
Figure 31: Oil and Gas Equipment and Services Industry, Global, Number of Deals and Deal Values (US$m), 2006-2010 70
Figure 32: Oil and Gas Equipment and Services Industry, Global, Number of Deals and Deal Values (US$m), Q1 2010–Q4 2010 72
Figure 33: Oil and Gas Industry, North America Region Deals, Number of Deals and Deal Values (US$m), 2006-2010 75
Figure 34: Oil and Gas Industry, North America Region Deals, Number of Deals and Deal Values (US$m), Q1 2010-Q4 2010 77
Figure 35: North America Oil and Gas, Upstream Acquisitions and Asset Transactions Multiples, 2006-2010 80
Figure 36: North America Oil and Gas, Upstream Acquisitions and Asset Transactions Multiples, Q1 2010–Q4 2010 81
Figure 37: Oil and Gas Industry, European Region Deals, Number of Deals and Deal Values (US$m), 2006-2010 82
Figure 38: Oil and Gas Industry, European Region Deals, Number of Deals and Deal Values (US$m), Q1 2010-Q4 2010 83
Figure 39: Oil and Gas Industry, Asia-Pacific Region Deals, Number of Deals and Deal Values (US$m), 2006-2010 85
Figure 40: Oil and Gas Industry, Asia-Pacific Region Deals, Number of Deals and Deal Values (US$m), Q1 2010–Q4 2010 86
Figure 41: Oil and Gas Industry, Rest of the World Deals, Number of Deals and Deal Values (US$m), 2006-2010 89
Figure 42: Oil and Gas Industry, Rest of the World Deals, Number of Deals and Deal Values (US$m), Q1 2010–Q4 2010 91
Figure 43: Oil and Gas Industry, Global Top Financial Advisors, M&A, Number of Deals and Deal Values (US$m), 2010 94
Figure 44: Oil and Gas Industry, Global Top Financial Advisors, Equity Offerings, Number of Deals and Deal Values (US$m), 2010 95
Figure 45: Oil and Gas Industry, Global Top Financial Advisors, Debt Offerings, Number of Deals and Deal Values (US$m), 2010 96
Figure 46: Oil and Gas Industry, Top Legal Advisors, Global, Number of Deals and Deal Values (US$m), 2010 97