Europe
Trends
UBS, Simmons Energy Pare Bankers As Shale M&A Slows: Sources
UBS Group AG and the energy arm of Piper Jaffray Companies have cut staff in their oil and gas investment banking teams, three people familiar with the matter said on Oct. 21, as U.S. dealmaking continues to dry up.
Highlights
Best Of This Week’s Drilling Activity Highlights (Oct. 18, 2019)
First horizontal completion in Crossroad Fields plus BP's results from Carthage Field-Haynesville Shale Well.
Emissions , Logistics
MIT, Eni Renew Collaboration On Low-Carbon Energy Technologies
The Massachusetts Institute of Technology (MIT) and Eni have renewed their low-carbon energy research collaboration on Oct. 18 by extending Eni’s tenure as a founding member of the MIT Energy Initiative (MITEI) through 2023.
Business , Renewables
Eni CEO Sees No Future For Companies Working In Just Oil And Gas
There is no future for companies that work only in oil and gas in the medium- to long-term, the head of Italian major Eni said on Oct. 18.
Investment , Liquefied Natural Gas (LNG) , Gathering & Processing
Big US LNG Players Move Fast, The Small Race To Keep Up
A gap is emerging in the U.S. LNG industry as big players such as Exxon Mobil and Cheniere Energy race ahead to build export terminals without new long-term contracts.
Trends
A&D Transactions From The Week Of Oct. 16, 2019
Here’s a snapshot of energy deals from the past week including Parsley Energy’s acquisition of its Permian neighbor Jagged Peak Energy in an all-stock transaction worth roughly $2.3 billion.
Investment , Liquefied Natural Gas (LNG) , Natural Gas , Midstream
Energy Industry Examines LNG Commoditization
The LNG market is evolving rapidly, but it still has some way to go in the commoditization process.
Exploration & Production , Acquisitions & Divestitures
Energean Oil To Sell Edison E&P’s North Sea Assets
Energean, which is focused in the Mediterranean, will sell Edison E&P’s U.K. and Norwegian units for $250 million, with additional cash contingent consideration of up to $30 million.
Private Equity , Deepwater , Trends
New King Of North Sea Takes On Total, BP
This year, Chrysaor, will, according to some estimates, be the biggest oil and gas producer in the North Sea, rivaling Total and BP.
Public Capital , Earnings , Exploration & Production , Shale Plays , Acquisitions & Divestitures
BP Warns Of Multibillion-Dollar Third-Quarter Charges
BP will take charges of $2 billion to $3 billion in the third quarter, as the British energy firm looks to reach divestments worth $10 billion a year ahead of schedule.