Zennor gets turbo-charged
Private equity has boosted the 12-year-old company’s firepower
Zennor Petroleum traces its roots back as far the mid-90s, when many of its team worked for US independent Arco, subsequently swallowed by BP. Founded as MPX in 2006, it became Zennor following its acquisition by private equity (PE) firm Kerogen Capital in August 2015. Since then, the firm has been active developing its portfolio both by acquisition and through its core appraisal and development focus. Managing director Martin Rowe recently spoke to Petroleum Economist editor-in-chief Peter Ramsay. Edited highlights follow. PR: Is "private equity in the North Sea" almost a slightly misleading term, given the range of firms it encompasses? MR: I think that is a fair statement. The value propo
Also in this section
5 March 2026
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
