Top 10 Biggest Oil Deals Ever!  

Earlier this year Royal Dutch Shell took over BG Group for a cool price tag of £47 billion. While the figure may seem eye-wateringly high it actually only clocks in as the world’s 14^th largest oil M&A deal. So what deals have made the top 10? Read on for an overview of the biggest M&A deals on the planet that have categorically shaped the face of the industry as we know it.

• Exxon and Mobil merger

In 1999 Exxon and Mobil merged to form ExxonMobil, an American owned, Taxas based multinational oil and gas corporation. The deal was worth a huge $80.3 billion and went on to help the company emerge as one of the biggest oil producers on the planet.

• Royal Dutch and Shell Transport and Trading merger

In 1995 Royal Dutch and Shell Transport and Trading officially merged to the tune of $80.1 billion. As of 2014 it was the 4^th largest company in the world and is considered one of the big six ‘supermajors’ in the oil and gas industry.

• TNK-BP acquirer by Rosneft

In 2012 Russian integrated oil company majority Rosneft bought out BP’s 50% stake in affiliate firm, TNK. It forked out $55.4 billion which saw it become the world's largest listed oil company by output, producing over 4.5 million barrels a day.

• BG Group acquirer by Royal Dutch Shell

Earlier this year Royal Dutch Shell signed an acquirer deal to take over BG Group for a huge $70.1 billion. As mentioned above it’s the most recent major M&A deal to make global headlines and reflects the industry’s new strategy to capitalise on the weak state of the current oil and gas market.

• Brazilian Oil & Gas Asset acquirer by Petrobras

Back in 2010 semi-public Brazilian multinational energy corporation Petrobras snagged a plethora of the government’s oil and gas assets as part of a $42.6 billion deal.  

• Burlington Resources acquirer by ConocoPhillips

In 2005 American multinational energy corporation ConocoPhillips acquired Burlington Resources for the bargain price of $35.6 billion. The idea was to elevate the company closer to the supermajor category.  

• Baker Hughes acquirer by Halliburton

Last year Halliburton took over Baker Hughes at the cost of $35.5 billion.

• Hydro Nordisk acquirer by Statoil

2006 saw Statoil claim ownership of oil and gas assets sold by Hydro Nordisk to the value of $30.5 billion.

• XTO Energy acquirer by Exxon Mobil

In 2009 Exxon Mobil cemented its status as one of the world’s oil and gas goliaths with a $24.9 billion overtake of XTO Energy.

• Phillips 66 acquirer by Shareholders of ConocoPhillips

In an endeavour by ConocoPhillips shareholders Phillips 66 was acquired at a cost of $20.7 billion.

Every one of these companies has worked its way to the top by taking a meticulous approach to safety and leak management. ‘Mitigating Oil & Gas Casing Failures’ highlights the importance of robust casing and suggests a series of best practice procedures for purchasing, record keeping and inspection.