Zennor gets turbo-charged
Private equity has boosted the 12-year-old company’s firepower
Zennor Petroleum traces its roots back as far the mid-90s, when many of its team worked for US independent Arco, subsequently swallowed by BP. Founded as MPX in 2006, it became Zennor following its acquisition by private equity (PE) firm Kerogen Capital in August 2015. Since then, the firm has been active developing its portfolio both by acquisition and through its core appraisal and development focus. Managing director Martin Rowe recently spoke to Petroleum Economist editor-in-chief Peter Ramsay. Edited highlights follow. PR: Is "private equity in the North Sea" almost a slightly misleading term, given the range of firms it encompasses? MR: I think that is a fair statement. The value propo
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
