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

Merichem's technology removed 99 percent of hydrogen sulfide gas from natural gas streams without generating solid waste. Photo via Getty Images

Houston-based Merichem Technologies has announced successful results from the field trial of its new hydrogen sulfide (H2S) removal technology in the Permian Basin.

The technology, known as ECOTREAT, removed more than 99 percent of hydrogen sulfide gas from natural gas streams, or “sour gas,” without producing solid waste during the month-long trial. It also showed sustained performance even when operating above the unit’s design capacity, according to a news release.

“The industry is continually seeking to reduce both the price and complexity of removing hydrogen sulfide from gas production, especially since oil production has shifted to increasingly sour sources, higher gas ratios, and higher water ratios,” Jeff Gomach, SVP, Merichem Technologies, said in a news release. “ECOTREAT met all its field trial objectives and provides a highly effective method for removing hydrogen sulfide to prevent equipment corrosion, ensure worker safety, meet environmental regulations, and maintain product quality for transport.

H2S found in natural gas can turn the gas toxic or hazardous and lead to corrosion in pipelines and processing equipment. However, standard H2S removal technologies create high levels of solid waste. ECOTREAT resolves many of those issues by using an aqueous-phase proprietary catalytic process that converts H2S into dissolved thiosulfate.

Next, Merichem says it plans to move the technology out of the pilot stage to full-scale commercialization.

Merichem, an 80-plus-year-old company, initially launched as a soap and industrial cleaning company. It eventually transitioned to focus on energy technology.

In 2024, Black Bay Energy acquired a portion of Merichem Process Technologies and Merichem Catalyst Products, which would become Merichem Technologies.

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