Neptune: 'Remote' Possibility of 2020 IPO

(Image: Neptune Energy)
(Image: Neptune Energy)

Neptune Energy said on Friday there was only a "remote" possibility it would launch an initial public offering next year, as the group was focused for now on exploration and bringing projects to production.

Chief Executive Jim House also said the dividend for 2019 would likely be below the level in 2018, when it was about $380 million.

Neptune, which focuses on gas, is backed by Carlyle Group and CVC Capital Partners.


(Reporting by Shadia Nasralla; Editing by Edmund Blair)

Current News

Iberdrola Picks Up $4.9B to Finance 1.4GW UK Offshore Wind Farm

Iberdrola Picks Up $4.9B to Fi

Perenco Brings Woodside’s Trinidad Oil and Gas Assets Into Its Fold

Perenco Brings Woodside’s Trin

Vallourec Brings CNOOC, Petrochina as New Clients in Iraq

Vallourec Brings CNOOC, Petroc

Germany’s SEFE Inks Three-Year LNG Supply Deal with ADNOC

Germany’s SEFE Inks Three-Year

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine