Hayward looking at distressed assets

FORMER BP boss Tony Hayward, chairman of struggling oiler Genel Energy, is reportedly again seeking to raise cash from private equity to go hunting for distressed oil and gas assets.

Hayward looking at distressed assets Hayward looking at distressed assets Hayward looking at distressed assets Hayward looking at distressed assets Hayward looking at distressed assets

Hayward's plan would replicate the $7 billion raised by former Centrica CEO Sam Laidlaw, who has put together Neptune Oil and Gas, a fund backed by CVC Capital and Carlyle Group.

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