Interview: Neptune champions its diversity
With assets in Europe, North Africa and Asia-Pacific, the London-based firm sees value in its broad international portfolio
Neptune Energy, born out of an acquisition of the upstream assets of French utility Engie, is comfortably the most internationally diversified of the new North Sea entrants backed by private equity (PE). And its founder sees that as a key part of its value proposition. The firm, which is backed by the China Investment Corporation, US PE heavyweight Carlyle and Luxembourg-headquartered CVC Capital Partners, followed up the Engie deal by swooping for the Norwegian continental shelf (NCS) assets of German midstream from VNG. And, in August, it snapped up stakes owned by US independent Apache in the Seagull and Isabella projects on the UK continental shelf. Sam Laidlaw, who spent 20 years with U
Also in this section
14 May 2024
But there is still plenty of appetite for the country’s LNG in the Asia-Pacific region
14 May 2024
The former CEO of Pioneer, Scott Sheffield, has opened a can of worms through his association with OPEC+ and its market management strategy
13 May 2024
OPEC+ has huge amounts of spare capacity amid a tightening market, but nothing can be taken for granted given unclear economic trajectories and geopolitical unrest
13 May 2024
But optimism about island nation checked by competition around African upstream investment and history of false dawns