Private capital holds the key to the oil and gas kingdom
Equity investors may remain cautious, while funds are evolving in response to a changing market landscape
David Hemmings, vice-president, business development & commercial, at UK independent Neptune, is as good a brain as any to pick about oil and gas financing. Although a chemist and petroleum engineer by education, he spent 18 years in the banking sector with Dresdner, Baml and latterly over a decade at Rothschild before jumping the fence to an operator just over four years ago. So, given his background and his experiences with Neptune, owned by private equity (PE) groups Carlyle and CVC Capital Partners and sovereign wealth fund China Investment Corporation, how does Hemmings see the current oil and gas investment landscape? Petroleum Economist caught up with him to find out. Are there ad
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields