Sam Laidlaw, the former chief executive of the energy company Centrica, is aiming to complete his first deal for his new investment vehicle, Neptune Oil & Gas. The move is part of a reshaping of the North Sea which has prompted several oil majors to exit. Disposals by companies such as Royal Dutch Shell, E.ON of Germany and Dong Energy, the Danish oil and gas company, are providing opportunities for independent investors to snap up assets that may be nearing the end of their lives but are still viable. Neptune, created in summer last year, is looking to buy the 70 per cent stake held by Engie in the French utility company’s $4 billion oil and gas venture. Mr Laidlaw left Centrica in 2014 after…

Source: The Times November 21, 2016 00:05 UTC