Eni and Neptune sign acquisition deal
The Italian firm continues to increase the share of gas in its growing portfolio
Eni has signed a deal to acquire most of UK independent oil and gas producer Neptune Energy, including what the Italian IOC terms “a world-class portfolio of gas-orientated assets”. Eni has agreed to purchase Neptune’s portfolio in North Africa, Indonesia, Australia and Western Europe, with the exception of its Norwegian and German operations. Var Energi—an Oslo-listed company of which Eni is the largest shareholder, with 63pc—signed a simultaneous agreement to buy Neptune’s Norwegian operations, while the German business will be spun off into a separate entity, owned and operated by Neptune’s existing shareholders. Neptune is owned by sovereign wealth fund China Investment Corporation (49pc
Also in this section
28 March 2025
The Central Asian country is positioning itself as a low-carbon leader, but antiquated infrastructure and a dependence on Russia are holding it back
28 March 2025
MCEDD 2025 took place in Madrid this week with record attendance and a wide-ranging programme, reflecting the deepwater sector’s renewed momentum, strategic focus and accelerating technological innovation.
27 March 2025
Awards celebrate global innovation, leadership and achievement across the energy sector’s people, projects, technologies and companies.
26 March 2025
Well-functioning democracies are required for healthier economies and a thriving oil industry
