Italy’s Eni on 23 June agreed to pay $4.9bn for London-based independent Neptune Energy.

Though Neptune’s largest area of operations is the North Sea, Eni CEO Claudio Descalzi is keen to stress the Algeria assets of private equity-backed Neptune as being central to the rationale of a deal originally touted late last year (MEES, 2 December 2022). (CONTINUED - 1376 WORDS)