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
11 August 2025
The administration is pushing for deregulation and streamline permitting for natural gas, while tightening requirements and stripping away subsidies from renewables
8 August 2025
The producers’ group missed its output increase target for the month and may soon face a critical test of its strategy
7 August 2025
The quick, unified and decisive strategy to return all the barrels from the hefty tranche of cuts from the eight producers involved in voluntary curbs signals a shift and sets the tone for the path ahead
7 August 2025
Without US backing, the EU’s newest sanctions package against Russia—though not painless—is unlikely to have a significant impact on the country’s oil and gas revenues or its broader economy
