Blackstone likes Siccar Point story

The global giant came to London almost five years ago and is enjoying the journey so far

Blackstone Energy Partners, a subsidiary of the global investment firm, entered the North Sea in 2014 with an investment in Siccar Point Energy alongside fellow private equity (PE) investor Blue Water Energy (BWE). It followed up in January this year by again partnering with BWE in Mime Petroleum, with a focus on the Norwegian continental shelf (NCS). The firm's senior managing director Mustafa Siddiqui, who transferred from Blackstone's New York office to London in 2014, spoke recently to Petroleum Economist's editor-in-chief Peter Ramsay. Edited highlights follow. PR: Would you agree that PE investment should be seen in a positive light for the industry? MS: I would, and I would say that t