Oil tanker owners are giving up.
BP Plc is weighing an acquisition of some of BHP Billiton Ltd.’s energy assets as the British oil major seeks more U.S. shale, according to people familiar with the matter.
A private equity fund managed by Morgan Stanley is paying $1.75 billion in cash to buy big into Permian Basin pipeline assets.
As Centrica released its trading update yesterday it revealed the loss of almost a million British Gas customers.
Financial services firm Morgan Stanley is aiming for carbon neutrality within 5 years while reducing overall energy usage.
JP Morgan Chase is entering into the renewables market in an attempt to offset its own power usage.
A cocktail of Brexit misery awaits Britain in the new year as sluggish growth, higher shop prices and another cut in interest rates look set to hammer home the ramifications of the country’s decision to quit the European Union.
Oil prices jumped more than 2% on Monday to their highest since November 2015 as Goldman Sachs said the market had ended almost two years of oversupply and was in deficit.
Shell could reduce operating costs by as much as $4.5 billion a year if its employees matched the productivity of BP, according to Morgan Stanley.
Seadrill has hired debt advisors to help negotiations on an $11 restructuring plan, according to reports.
Much ink has been spilt over the leakage of collapsing crude prices into wider markets. A new note from Morgan Stanley analysts led by Chief Cross-Asset Strategist Andrew Sheets demonstrates the degree to which the fortunes of the energy sector are currently driving stocks and bonds, but emphasizes the correlation is overdone.
A rapid appreciation of the U.S. dollar may send Brent oil as low as $20 a barrel, according to Morgan Stanley.
Morgan Stanley plans on winding down a group that develops and structures North American solar projects as part of a plan to reduce up to 25% of jobs in its fixed income business, according to reports. The company is reducing its staffing numbers by around 1,200 workers across the globe.
Royal Dutch Shell has acquired Morgan Stanley's European gas and power trading book as the U.S. bank continues its exit from the sector. Shell is set to significantly increase its footprint in the gas market in the coming years if it completes its proposed $70 billion acquisition of smaller British rival BG Group and as part of a growing strategic alliance with Russia's Gazprom, the world's top gas producer. Shell Energy Europe, its supply and trading arm in the region, has signed a binding sales and purchase agreement for Morgan Stanley's portfolio, the Anglo-Dutch company said on Friday, without providing further details.
Morgan Stanley’s failure to complete the sale of its oil storage, trading and transport unit shows the chilling effect US sanctions are having on Russian companies including OAO Rosneft. The US bank and Rosneft, the Russian state-owned oil giant, said Monday that their deal, for an undisclosed amount, had expired after the companies failed to win regulatory approval. Morgan Stanley had warned in October that the agreement might not be completed.