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.
First horizontal completion in Crossroad Fields plus BP's results from Carthage Field-Haynesville Shale Well.
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.
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.
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.
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.
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.