new hires

Houston energy financial firm names new execs

Jason Kivett and Robyn Underwood join Houston-based energy finance firm Pickering Energy Partners. Photo courtesy of PEP

A firm focused on financial services within the energy sector has named two former Barclays investment bankers to its team.

Pickering Energy Partners announced that Jason Kivett and Robyn Underwood will join PEP to lead its traditional Energy Investment Banking Practice as managing directors. The team Kivett and Underwood join focuses on traditional oil and gas and will partner with the existing Renewables and Energy Transition advisory team, per a news release.

"Our clients turn to us for our dedication to the energy sector, and our ability to get deals done," Dan Pickering, chief investment officer of Pickering Energy Partners, says in a news release. “As the industry seeks more innovative financial solutions than ever before, our team is ready to support that demand."

With the expansion of this team, PEP has more than doubled its M&A advisory and capital raising team and its advisers worked on over $100 billion in transactions across corporate mergers, acquisitions, and more.

PEP also announced that Osmar Abib has joined the PEP Advisory Board. He worked over two decades with Credit Suisse and served most recently as the chairman of the Global Energy Group based in Houston and New York.

Another addition to the firm’s expanding investment banking platform, Osmar Abib joins the PEP Advisory Board. Abib provides rich market insights based on his experience as the former Global Head of Energy Investment Banking for Credit Suisse.

“Experience matters and we appreciate the deeply rooted relationships our new team members have developed over their careers,” Walker Moody, president of Pickering Energy Partners, adds in the release. “The PEP Investment Banking team knows energy, and they understand operators. We continue to play offense and bring on talented, experienced professionals to benefit our clients.”

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A View From HETI

The OPEC+ subgroup will meet again on November 1 to review conditions in the oil market. Photo by Engin Akyurt/Pexels

Seven major oil-exporting countries agreed Sunday to keep production steady in November at a time when the Iran war has driven the price of benchmark Brent crude oil above $100 a barrel.

The so-called OPEC+ subgroup — Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman — will meet again on November 1 to review conditions in the oil market.

The fighting with Iran, which began with U.S. and Israeli attacks on Feb. 28, has disrupted global oil supplies and driven prices higher.

The group of seven wealthy democracies said Friday that they plan to release 100 million barrels of oil and fuel products in the coming weeks, starting with “substantial” amounts of diesel.

Diesel prices recently hit record highs in the United States, squeezing farmers, truckers and consumers who depend on the fuel.

The G7 promised a “frontloaded substantial release” of diesel within the next 20 days and the rest over four months.

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