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
27 February 2026
LNG would serve as a backup supply source as domestic gas declines and the country’s energy system comes under stress during periods of low hydropower output and high energy demand
27 February 2026
The assumption that oil markets will re-route and work around sanctions is being tested, and it is the physical infrastructure that is acting as the constraint
27 February 2026
The 25th WPC Energy Congress to take place in tandem as part of a coordinated week of high-level ministerial, institutional and industry engagements
27 February 2026
The deepwater sector must be brave by fast-tracking projects and making progress to seize huge offshore opportunities and not become bogged down by capacity constraints and consolidation
