Energy IB - London
Who are the top Oil and Gas bankers in London?
Trending Content - Investment Banking Forum
| +72 | Any tips for sleeping well? | 39 | 3h |
| +67 | Wealthy Parents / Jaded | 22 | 6h |
| +44 | Venezuela Debt Restructuring - LAZ vs CVP | 18 | 2h |
| +43 | How are hours rn for SA (interns) | 24 | 2h |
| +40 | Background check issue IB Full Time | 23 | 6h |
| +28 | Boutique firm wants access to my LinkedIn? | 11 | 1h |
| +27 | Investment Banking in Mexico | 7 | 1d |
| +26 | HL vs WB | 19 | 2d |
| +24 | MM bottom bucket bonus | 9 | 1d |
| +24 | UBS GIG, LevFin, FSG Interns working Sundays and 85 hour weeks their first week? | 12 | 3h |
Career Resources
Bump
Bump
One of my mates works at Evercore and says that deal flow is pretty good but complains that one of the newer associates is harsh (as in a pompous nasty ass who is oblivious to his actions/words) which makes the work environment hard
Interesting - who else besides Evercore?
.
Speaking as someone who works in oil and gas banking in London... Jefferies, Lambert Energy Advisory, Houlihan Lokey come to mind as some of the top players.
Thanks! Any idea who leads O&G coverage at GS in London?
That is very North Sea upstream focused…virtually non existent otherwise when compared to the other banks.
Don’t agree with this comment based on my experience.
Besides, North Sea is the most active area today in terms of deal flow outside of the US, where processes are largely ran by US offices. So the top bankers in London will be ones that have significant North Sea exposure.
Citi
Who leads the coverage at Citi? Shreyas Bordias left some time ago
O&G without a balance sheet is pretty pointless
What?
.
Well - all large BBs have bailed on net zero carbon alliance; will ramp up funding to carbon intensive O&G projects
https://www.bnnbloomberg.ca/investing/commodities/2025/01/07/jpmorgan-q…
Shell and BP have pulled back from prioritizing clean energy, with Shell even going as far as selling off all its renewable projects.
So both BBs and Energy companies are aligned then. They will prioritize traditional O&G
The opportunity cost associated with BBs basing their lending criteria around Net Zero ideology has clearly reached a tipping point. Zero tangible financial benefit in wearing the shackles of the NZBA, simply brownie points.
Likewise for actual O&G producers we are seeing a re-calibration of strategy, with many hitting the brakes (or at least taking the foot off the accelerator) in terms of low-carbon exposure. As BPs relative share price performance has shown, an accelerated pivot into renewables, which continue to produce relatively poor returns compared to O&G, is not viewed favourably by the market.
Entire energy industry is experiencing a reality-check.
GS, MS, BofA, Citi, Barclays, Evercore, Nomura Greentech, Macquarie
Who is leading coverage (MDs) at GS, BAML, Barclays and Citi?
James Sleeman is leading the BofA O&G and Maria Garijo Del Cura runs Renewables
Strong deal flow at BofA NET team (Natural Resources & Energy Transition), modelling heavy team (M&A never touches their model), does the majority of M&A execution on its own as M&A team only gets involved if its a sell-side strictly for process work.
The team also has very strong exits but hours are the longest at BofA alongside FIG.
BARC O&G: Michael Powell, Energy Transition (of which O&G is a sub-group): Rafa Abati
Greentech doesn't cover O&G
Any insights into PJT or Rothschild teams?
Both are shit; got no deal flow
DB has just hired a new Energy MD - will soon be a top player
Not in O&G
How is GS?
Bump
I know TD has a P&U team that does some O&G but prob mostly financing
JPM, Citi are strongest here. Barclays pretty strong too.
Naturally, BBs will overperform relative to other sectors in Power/Energy/O&G etc due to the ability to leverage their balance sheets to win mandates.
Citi EMEA O&G is led by Rajat from HSBC. Any idea who the staffer or VP is in that team?
Who is the staffer at BofA NET in London? Help a sister please
BofA has a centralised staffing system; it's the same for 6 teams - recently got a new staffer for those 6 teams, as it changes every 1 year. Not sure why it's relevant for u to know who the staffer is?
-
Repellat recusandae nostrum repudiandae minima unde atque fugit. Fugiat et reiciendis alias fugit consequatur et eos. Optio dolores consequatur rerum enim delectus. Inventore accusantium ea quia eveniet exercitationem non.
Vel eos accusantium architecto non voluptas. Eveniet est a qui nemo.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Debitis ad accusantium aperiam omnis est cum quibusdam. Aut quidem ut voluptatem at non voluptas reiciendis rem. Nemo fuga laborum molestiae voluptatem quo voluptates quas. Voluptas hic amet error accusamus repudiandae itaque. Dolores et id doloremque mollitia id qui.
Ut ut aut doloremque occaecati. Sunt accusantium necessitatibus aut. Doloribus est rerum et laboriosam blanditiis est in.
Aspernatur optio dolorem nemo rerum est sed. Cupiditate saepe ut minus voluptate.
Ea excepturi et voluptatibus nihil quod quisquam magni occaecati. Voluptatem dolores qui architecto non aut magnam tempore porro. Soluta aspernatur reprehenderit tenetur eum placeat non non. Cumque aut et quo assumenda odit est voluptatem. Eveniet dolorem dolorem explicabo reiciendis. Maxime consequatur consequuntur rerum est quis delectus nesciunt. Laborum fugiat ut et reprehenderit ut aut libero.