Morgan Stanley sees Brent hitting $100 by third quarter
Add Morgan Stanley to the list of banks expecting crude to reach $100 a barrel later this year.
Morgan Stanley
New £341 million offer for Port of Dundee firm Augean could spark bidding war
A new suitor has emerged with a nine-figure bid for the company that brought Dundee’s first major decommissioning project.
Extension agreed for potential Augean bid
Banking giant Morgan Stanley Infrastructure has been given an extension to make an offer for waste management company Augean – or walk away.
Banking giant announces intention to acquire waste management firm
One of the world’s largest banks has signalled its intention to acquire a Dundee waste management firm.
Leif Höegh, Morgan Stanley team up to buy Höegh LNG
Leif Höegh & Co. (LHC) in a joint venture with Morgan Stanley Infrastructure Partners have made a 23.5 krone ($2.73) per share offer for Höegh LNG Holdings.
Morgan Stanley: Gasoline industry is about to become totally worthless
The average energy investor is by now well aware of the sector's monumental shift from fossil fuels to renewable energy. Coal-powered power plants have been shuttering at an alarming clip as the price of electricity from natural gas and renewables undercuts them while wind and solar generation continue to gain the ascendancy.
Energean takes FID on Karish North, signs new loan
Energean has taken final investment decision (FID) on its Karish North gas development, offshore Israel.
Oil tanker owners scrap vessels at 1980s proportions
Oil tanker owners are giving up.
BP considers buying some of BHP’s US energy assets
BP Plc is weighing an acquisition of some of BHP Billiton Ltd.’s energy assets as the British oil major seeks more U.S. shale, according to people familiar with the matter.
Permian pipelines trade hands in billion dollar private equity deal
A private equity fund managed by Morgan Stanley is paying $1.75 billion in cash to buy big into Permian Basin pipeline assets.
How much trouble is Centrica in?
As Centrica released its trading update yesterday it revealed the loss of almost a million British Gas customers.
Morgan Stanley vows to source 100% energy from renewables by 2022
Financial services firm Morgan Stanley is aiming for carbon neutrality within 5 years while reducing overall energy usage.
JP Morgan chases renewable energy rewards
JP Morgan Chase is entering into the renewables market in an attempt to offset its own power usage.
Morgan Stanley: Britons facing higher prices and interest rates cut in New Year
A cocktail of Brexit misery awaits Britain in the new year as sluggish growth, higher shop prices and another cut in interest rates look set to hammer home the ramifications of the country’s decision to quit the European Union.
Oil price jumps as supply shortens and surplus dries up
Oil prices jumped more than 2% on Monday to their highest since November 2015 as Goldman Sachs said the market had ended almost two years of oversupply and was in deficit.
Shell could save $4.5billion by matching BP productivity says Morgan Stanley
Shell could reduce operating costs by as much as $4.5 billion a year if its employees matched the productivity of BP, according to Morgan Stanley.
Seadrill looks to advisors to help renegotiate $11billion debt
Seadrill has hired debt advisors to help negotiations on an $11 restructuring plan, according to reports.
Morgan Stanley: This is what a world without oil looks like
Much ink has been spilt over the leakage of collapsing crude prices into wider markets. A new note from Morgan Stanley analysts led by Chief Cross-Asset Strategist Andrew Sheets demonstrates the degree to which the fortunes of the energy sector are currently driving stocks and bonds, but emphasizes the correlation is overdone.
Morgan Stanley sees $20 a barrel oil on US dollar appreciation
A rapid appreciation of the U.S. dollar may send Brent oil as low as $20 a barrel, according to Morgan Stanley.
Morgan Stanley looks to wind down group which develops solar projects
Morgan Stanley plans on winding down a group that develops and structures North American solar projects as part of a plan to reduce up to 25% of jobs in its fixed income business, according to reports. The company is reducing its staffing numbers by around 1,200 workers across the globe.
Shell buys Morgan Stanley’s Europe gas and power trade book
Royal Dutch Shell has acquired Morgan Stanley's European gas and power trading book as the U.S. bank continues its exit from the sector. Shell is set to significantly increase its footprint in the gas market in the coming years if it completes its proposed $70 billion acquisition of smaller British rival BG Group and as part of a growing strategic alliance with Russia's Gazprom, the world's top gas producer. Shell Energy Europe, its supply and trading arm in the region, has signed a binding sales and purchase agreement for Morgan Stanley's portfolio, the Anglo-Dutch company said on Friday, without providing further details.
Rosneft feels sanctions’ chill in failed oil-unit deal
Morgan Stanley’s failure to complete the sale of its oil storage, trading and transport unit shows the chilling effect US sanctions are having on Russian companies including OAO Rosneft. The US bank and Rosneft, the Russian state-owned oil giant, said Monday that their deal, for an undisclosed amount, had expired after the companies failed to win regulatory approval. Morgan Stanley had warned in October that the agreement might not be completed.