BWE building on history in the North Sea

The name Blue Water Energy (BWE) may be new, but the faces are familiar

BWE is a London-based, energy focused private equity (PE) firm. It has invested in UK continental shelf (UKCS) producer Siccar Point Energy and Norway's Mime Petroleum, both alongside fellow PE investor Blackstone, and the Norwegian continental shelf focused Wellesley Petroleum. Graeme Sword—a BWE founder partner and formerly head of oil and gas at PE firm 3i, which was active in North Sea E&P throughout the 2000s—recently spoke to Petroleum Economist editor-in-chief Peter Ramsay.  PR: Is it fair to say the private equity (PE) investment has received something of an at least, cautious, if not bad press? And that even the term "PE in the North Sea" belies differences in approach? GS: I ag