Neptune Energy said that Moody’s Investors Service had upgraded Neptune Energy Group Midco Ltd to Ba2 from Ba3. The Moody’s also upgraded Neptune Energy Bondco plc’s existing $850 million senior notes due in 2025 to Ba3 from B1. The oil exploration and development company added that its outlook has changed to stable from positive.
Tag: Neptune Energy
Neptune drills development wells on Fenja
Neptune Energy said it had successfully drilled four development wells ahead of the start of production on the Fenja field in the Norwegian Sea. PRODUCTION The operator said that completion of the four wells marked an important milestone in the development of Fenja, which is scheduled to come on stream in the first quarter of […]
Neptune awarded gold medal status by EcoVadis
Neptune Energy said it has been awarded gold medal status from environment, social and governance (ESG) ratings organisation, EcoVadis. RANKING The oil and gas exploration and development company added it had been placed in the top 5% of all 95,000 global companies assessed by the organisation. Areas assessed include companies’ policies, environment, labour and human […]
Neptune joins zero methane emissions initiative
Neptune Energy said it had joined the aiming for zero methane emissions initiative designed to reduce emissions of greenhouse gas to near zero by 2030. TECHNOLOGIES Neptune already has its own target for zero methane emissions by the end of the decade. The Oil and Gas Climate Initiative (OGCI) developed the initiative for the oil […]
Neptune to invest $1bn to secure UK energy
Neptune Energy today said it would spend more than $1 billion (£800m) over the next five years to secure energy supplies for the UK and speed the transition to net zero. CARBON INTENSITY The company operates around 11% of the country’s gas supply from fields in the UK’s Southern North Sea and the Norwegian North […]
Neptune to use renewable electricity for German assets
Neptune Energy will reduce emissions by more than 11,000 tonnes of CO2 per year after securing new renewable electricity supplies for its operated onshore assets in Germany. NORWAY The decrease is a 40% reduction in the company’s scope two emissions in the country. Neptune uses electricity from shore at its operated Gjøa field in Norway […]