Private capital holds the key to the oil and gas kingdom

Equity investors may remain cautious, while funds are evolving in response to a changing market landscape

David Hemmings, vice-president, business development & commercial, at UK independent Neptune, is as good a brain as any to pick about oil and gas financing. Although a chemist and petroleum engineer by education, he spent 18 years in the banking sector with Dresdner, Baml and latterly over a decade at Rothschild before jumping the fence to an operator just over four years ago. So, given his background and his experiences with Neptune, owned by private equity (PE) groups Carlyle and CVC Capital Partners and sovereign wealth fund China Investment Corporation, how does Hemmings see the current oil and gas investment landscape? Petroleum Economist caught up with him to find out. Are there ad