• Natural Gas News

    Neptune chooses new CEO


Jim House is retiring after four years, and will be replaced by the producer's current vice president for operations in Europe, Pete Jones.

by: Joseph Murphy

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Neptune chooses new CEO

Neptune Energy announced on December 12 that its CEO Jim House had decided to retire as company CEO after four years, and would be replaced by Pete Jones, currently the producer's vice president for operations in Europe.

Neptune said House had "played a formative role in building the business following its acquisition of Engie E&P International, overseeing significant improvements in safety, operational efficiency and reserves and resources."

Jones has over 25 years of experience in the upstream sector, including as managing director of TAQA Europe and UK managing director and regional vice president of Marathon Oil. He joined Neptune in August 2018 as UK managing director, and took up his vice president role in October 2019.

"Pete brings a wealth of experience and energy as we enter a period of growth in both production and new energy opportunities," Neptune chairman Sam Laidlaw said in a statement. "I look forward to working with him to deliver the next chapter of Neptune's growth."

Neptune is advancing several hydrogen and carbon capture projects in Europe. For more information on the company's low-carbon activities, read an interview with Jones here.