January 2024

Kirk Lovegrove & Company is pleased to announce that Jim Peterkin and Michael Bridden will become Executive Directors on the Board in January.  They join Martin Lovegrove, Niels Kirk and our two independent Directors, Roger Brown of Noble Grossart and Liz Airey.

Jim, who joined earlier this year, has more than 30 years of strong experience in the energy sector within an Investment Banking environment.  For much of his years, Jim has focused on oil & gas, but for the last few years switched that focus to alternative and new energies.  

Michael has more than 40 years of experience in the oil & gas industry, working in exploration as a geologist, then working in Business Development for three oil & gas companies before becoming an adviser in 2000.  He has a strong technical background and has proven mentoring skills.

Kirk Lovegrove & Company was founded in 2018, and today has a strong team of 15 people, all of whom have a stake in the company.   The team has considerable experience spanning the spectrum of skills needed to advise its energy clients in all aspects of corporate strategy and corporate development, all aspects of M&A&D as well as helping clients secure bank finance.  It has served 25 clients covering all of the above disciplines and interests that lie in more than 30 countries.  While the firm’s business remains for the most part in oil & gas advisory, it has started to develop a good and sound franchise in alternative and new energies advisory.  

December 2023

Kirk Lovegrove acted as financial adviser to Serica Energy Plc on their new US$525 million 6-year secured Reserves Based Lending (“RBL”) facility.  The new RBL facility replaces Serica’s existing RBL and Junior facilities.

January 2023

We are pleased to announce that on 1st February 2023 Jim Peterkin will join Kirk Lovegrove & Company as a Principal to work alongside Niels Kirk, Michael Bridden and Martin Copeland. Until late last year, Jim was the Head of EMEA Energy Investment Banking for Credit Suisse. Before joining Credit Suisse Jim was Co-Head of EMEA Energy for Barclays Investment Bank and before that was a Managing Director at Citigroup Investment Bank.  Jim brings with him a wealth of experience over 30 years in the energy sector and a range of exceptional industry contacts. His history is steeped in oil & gas Investment Banking, but while at Credit Suisse he focused more on advising in the alternative energies space. In KLC, Jim will play a major role in developing further our relationships with the larger companies in oil & gas. He will also lead the development of our advisory business in alternative energies, working with our colleague Paul Dufays.

December 2022

Kirk Lovegrove & Company has advised Tailwind Energy on its £644 million combination with Serica Energy. The estimated proforma production in 2023 of the merged Serica-Tailwind group will be 40-45,000 boe/d from 11 producing fields, putting the group into the top 10 UK oil & gas producers. The combined portfolio will have 2P reserves of 106 million boe, and production from two main offshore hubs – Bruce and Triton – balanced between oil and gas. As a result of the transaction, the commodity trading group Mercuria will become a 25.2% shareholder and will nominate two directors to the Serica board on completion.

December 2022

Kirk Lovegrove & Company has advised Savannah Energy PLC on the acquisition of PETRONAS’s entire oil and gas business in South Sudan for a total cash consideration of up to US$1.25 billion. Completion of the Transaction would result in Savannah acquiring PETRONAS’s interests in three Joint Operating Companies which operate Blocks 3/7 (40% Savannah net working interest (“WI”)), Blocks 1/2/4 (30% WI) and Block 5A (67.9% WI), in South Sudan, comprising 64 producing fields with 2021 average gross oil production of 153,000 barrels per day. Subject to completion, Savannah’s partners in these assets will include CNPC, Sinopec, ONGC and Nilepet, the national oil company of South Sudan. Completion of the transaction is conditional upon, inter alia, government approval, the approval of Savannah’s shareholders and re-admission of Savannah’s shares to trading on AIM.