Investment Bankers Following the European Shale Trail

Houston based energy focused investment banking boutique, Tudor Pickering & Holt,  is opening an office in London.

Founded in 2007 by former Goldman Sachs partner Bobby Tudor, the firm is one of the biggest players in US oil and gas transactions, advising on nearly $34bn (£21.3bn) worth of deals so far this year, second only to Barclays Capital, according to Dealogic.

UK and European interest in shale gas production, where gas is extracted from prehistoric shale rock beds, was ramping up, although US companies had a big head start, Mr Tudor said in a interview with The Financial Times.

The FT says that investors are clamouring for similar opportunities in Europe, where countries such as Poland boast substantial shale deposits.