Eni SPA closed the acquisition of Neptune Energy Group Ltd. The transaction was first announced in June 2023 (OGJ Online, June 23, 2023). The acquired assets include Neptune’s participation in the Eni-operated Geng North-1 gas discovery, offshore Indonesia (OGJ Online, Oct. 2, 2023). Vår Energi acquired the business in Norway directly from Neptune before the completion of the Eni transaction. The carve-out of Neptune’s activities in Germany was also completed prior to the closing of the Neptune Energy Group sale.

Source: The North Africa Journal February 01, 2024 03:26 UTC