NORTH Sea focused Independent Oil & Gas has underlined its interest in acquisitions by appointing a prominent industry figure and a dealmaker to its board. David Peattie has become chairman of London-based Independent after a career which has included running the Fairfield Energy business in the North Sea and BP’s operations in Russia. Andrew Hay, a managing director in the corporate finance business of the Edmond de Rothschild Group, has become a non-executive director of Independent Oil & Gas. Independent said Mr Peattie’s deep sector knowledge will be of great value to the company, particularly with regard to its development and mergers and acquisition plans. Mr Peattie said: “The Company faces an exciting period of value creating in the UK North Sea where many opportunities exist for the wise investor and reliable partner.” Independent’s chief executive Mark Routh has said the downturn in the oil and gas industry has created opportunities to buy assets at attractive prices. He said Mr Hay has an extensive track record in corporate finance and capital markets work. Mr Routh had been interim chairman.
Loading...
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here