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Morgan Stanley takes top spot in GlobalData’s oil and gas industry financial advisers league table for 2Q18

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Morgan Stanley has claimed the top position in the latest oil and gas Industry M&A financial advisers M&A league table for 2Q18, compiled by GlobalData.

The investment bank worked on seven deals worth a total of US$49.9 billion, surpassing competitors Goldman Sachs and Barclays, which came second and third, respectively, in value terms.

Prakhar Baghmar, Financial Deals Analyst at GlobalData, said: “Morgan Stanley’s involvement in three transactions worth more than US$10 billion in addition to a few smaller deals helped it gain the top spot.”

According to GlobalData, Goldman Sachs was involved in eight deals worth a total of US$46.4 billion, while Barclays worked on three deals with combined value of US$36.5 billion.

Marathon Petroleum’s acquisition of Andeavor for US$35.6 billion was recorded as the quarter’s top deal for the industry.

Goldman Sachs and Evercore Partners emerged as the leading players by volume with eight deals each, followed by Morgan Stanley and Macquarie Group with seven deals each.

The total global oil and gas deals market has grown in value by almost 60% y/y, compared to a 12.64% drop in volume. Deal value for the quarter was US$82.3 billion compared to US$51.6 billion in 2Q17, with 2Q18 recording 311 deals, 45 less than in 2Q17.

Both Morgan Stanley and Goldman Sachs held the same ranking, first and second respectively, in the global league table of the top 20 M&A financial advisers released by GlobalData recently.

American law firm Sullivan & Cromwell claimed the first position in the list of the top 10 M&A legal advisers for oil and gas deals in 2Q18. The company worked on four transactions worth US$45.7 billion, including the industry’s top deal of the quarter, the US$35.6 billion Andeavor acquisition.

Jones Day came second in the league table with nine deals worth a total of US$38.8 billion, while Cleary Gottlieb, with three deals worth US$35.6 billion, claimed the third spot. In volume terms, Jones Day led the competition.

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