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

Makin' a List ... Trump Prioritizes Energy Exploration, Production, Export

Makin' a List ... Trump Priori

Ørsted to Shed Part of its UK Wind Farm Stake - Bloomberg News

Ørsted to Shed Part of its UK

Uncertainty Surrounds Guyana Gas Development

Uncertainty Surrounds Guyana G

Using Ocean Robots to Dive into Offshore Wind Farm Wake Effects

Using Ocean Robots to Dive int

Subscribe for OE Digital E‑News

Offshore Engineer Magazine