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.

October 21, 2019


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.

October 18, 2019

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.

October 18, 2019

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.

October 18, 2019

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.

October 17, 2019


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.

October 16, 2019

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.

October 15, 2019

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.

October 14, 2019

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.

October 13, 2019

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.

October 11, 2019