Our Take: Europe’s Upstream IPO Drought to Continue

Copyright © 2022 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

Oil and gas operators keen to achieve initial public offerings of European upstream-focused companies will struggle to get these away in 2022. Even before late November’s stock market wobbles connected to the new Omicron Covid-19 variant, there had been little evidence in recent months that investors in Europe’s public markets are ready to get on board flotations of new E&P companies. Instead, we see greater potential for alternative options, including private placings of stakes or reverse takeovers, so that current holders can achieve value from their upstream investments.

Oil and gas companies still have an opportunity to convince investors that their low-carbon strategies are credible in scope and urgency, but time is running out.
Tue, Jan 18, 2022
Exxon Mobil will kick off its new push to achieve net-zero operational emissions in the Permian Basin.
Fri, Jan 21, 2022