Enegi appoints new chief executive
MANCHESTER-based independent oil and gas company Enegi has appointed Dr Nigel Burton as its new chief executive and director with immediate effect.
The 57-year-old has more than 25 years’ experience in the energy and utilities sector, his experience including operational and financial management, debt and equity financing, acquisition and integration of businesses, IPOs and trade sales.
Enegi says that his background will be highly beneficial as the company pursues its strategy to builda portfolio of field or royalty interests in global oil and gas projects where it believes it can deliver a significant cost transformation through the application of new technical solutions.
Following a 14-year period as an investment banker at City institutions such as UBS Warburg and Deutsche Bank, including as the managing director responsible for the energy and utilities industries, Burton spent 15 years as CFO of a number of private and public companies.
These included Navig8 Product Tankers, PetroSaudi Oil Services, Advanced Power AG, and Granby Oil and Gas, a UK based E&P company which was admitted to AIM in 2005 and subsequently sold in 2008.
Burton is a Chartered Electrical Engineer (FIET) and a past president of the IET.
Following his appointment, Alan Minty will remain on the board of Enegi in the role of executive chairman.
Burton said: “This is an exciting time to be joining Enegi as it focuses on developing a portfolio of field and royalty interests in fields which it believes it can effect a significant cost transformation through the application of flexible and cost-effective solutions.
“Having worked with the team for several months and watched how the MFD Consortium has been created, I believe that Enegi is well positioned to take advantage of the growing number of real opportunities in this field.”
Minty added: “Nigel brings extensive experience in the financing of projects in the energy and utilities industries which will be key to the commercial implementation of our strategy.”
