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
Also in this section
29 April 2026
The UAE’s exit from the alliance marks a decisive step towards a world in which oil markets are shaped less by collective management and more by national strategy
29 April 2026
Trafigura’s $1b prepayment agreement confirms African resource holders’ renewed interest in oil-backed financing deals as they look to capitalise on high oil prices
29 April 2026
The UAE’s departure from the oil producers’ group was a surprise to many, but the move can be traced back to a single point five years ago
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
