Energy Digital Magazine April 2024 | Page 28

LIFETIME OF ACHIEVEMENT

“ The UK is still reliant on gas and oil to keep us warm , keep the lights on and keep people moving ”

he declares . “ Low carbon developments will need to use existing infrastructure – from depleted gas reservoirs to transportation networks and storage facilities . The North Sea has these in abundance and energy companies , including Neptune , have already submitted plans to the Government to repurpose facilities previously used for oil and gas to speed the transition to hydrogen and carbon storage .”
A firm believer in learning lessons from the past in a bid to shape the future , there ’ s no doubt that Laidlaw ’ s influence will continue to be felt under his leadership at Neptune , whatever his next role may be and way into the future . Last year Neptune announced it was being bought by Italian energy firm ENI for US $ 4.9 billion , on which
Laidlaw said : “ This transaction offers a new and exciting phase for Neptune , with significant growth opportunities supporting energy security and the energy transition .” The announcement marks the largest cash deal in the European oil & gas sector in recent years , faith in Laidlaw ’ s leadership and the direction Neptune is not only taking business-wise but regarding its environmental commitments .
28 April 2024