Exceptional oil and gas companies and their dedicated employees were recognised at one of the industry’s most prestigious award ceremonies on Friday night.
The founder of a new data analytics firm believes she holds the key to helping smaller oil and gas companies make a better fist of “selling themselves”.
The boss at Three60 Energy said the fast-growing energy services group is still geared towards expansion.
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.
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.
Energy finance specialist Simmons and Company International has branched out into new territory after earmarking a “substantial part” of a £127million funding pot to buy up stakes in temporarily distressed oil and gas firms.
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.
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.