Insights
Notes from the desk.
What we are seeing in the market, written by the partners engaged in it day to day. Matt Boardman on trading and commodities, Andy Jenkins on operators, EPC and energy infrastructure.
Andy's Ground Truth
Energy Infrastructure
Oil and gas, EPC, project delivery and the energy transition. Written by Andy Jenkins.
Announced is not delivered. The leadership constraint on Asia's gas build-out.
Southeast Asia has more than 100 gigawatts of gas-fired power in development. What separates the projects that get built from the ones quietly removed from a slide is far less often the geology or the financing than it is a small number of people.
Read → 30 June 2026The geography still drives the search
African energy mandates have traditionally been routed through European search networks. But the capital, the operating businesses and the senior decision-makers are increasingly Asian, and a search starting from London is starting from the wrong end.
Read →Matt's Market Rhumblings
Energy & Commodities
Trading and commercial functions, the desks and the roles around them. Written by Matt Boardman.
From pyramid to diamond, and what automation cannot replicate
The junior base of the org chart is being removed a headcount at a time, and almost nobody is framing it as a decision. On a trading desk, where the shape was already close to a diamond, that lands as acceleration rather than disruption.
Read → 18 June 2026Commercial instinct used to be enough. It is not anymore.
The desks paying at the top of the market now want commercial instinct and quantitative literacy together, not one or the other. The searches taking longest are the ones where the brief was written for the trader of five years ago.
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