Subsea oil and gas sector ‘recovering’


The subsea oil and gas sector will make a “strong” recovery if companies can “hang on for the ride” for another two to three years, a finance expert said yesterday.


Opinion: Private players still finding it difficult to get deals done


2017 was the third full year of the most protracted downturn in the global oil and gas industry but was generally considered to be no worse than the previous two.  Despite initial optimism at the beginning of the year, the industry remained flat with operators keeping a tight rein on spending notwithstanding a steady increase in commodity prices throughout the year.

Oil & Gas

Video: Simmons boss predicts more deals as company is bought over


The boss of Simmons & Co said he expects to see more mergers and acquisitions in the next year, as he spoke about his own company's $139million takeover by Piper Jaffray. The companies announced in a joint statement yesterday they had signed a deal for the merger after detailed talks intensified in the past four weeks. Speaking exclusively to Energy Voice, Colin Welsh, who heads up Simmons business in the eastern hemisphere said he also expected the oil price to pick up.

Oil & Gas

Piper Jaffray to acquire Simmons in $139million deal


Investment bank Piper Jaffray has agreed to acquire Simmons and Co in a deal worth $139million. The company said the move represented a “major step” in its drive towards $500million in annual investment banking revenue. Piper Jaffray will acquire 100% of Simmons in the $139million deal, which will consist of $91million in cash and $48million in restricted stock.