Barclays reshuffles its oil and gas finance team in Aberdeen and London

Walter Cumming... standing down
Walter Cumming… standing down

Tom Wilkinson takes up the role of Head of Oil and Gas at Barclays having worked as a member of the team for the last six years. 

His new role will see him leading the team as Barclays continues to support its clients and the sector through this challenging point in the cycle, providing debt, trade and working capital facilities, cash and liquidity management and risk solutions. 

He will also be responsible for managing the external stakeholder dialogue with the industry.  He replaces Walter Cumming who has retired from Barclays after seven years in the position.

Stuart Brown, Director in the Barclays Oil and Gas team is based in Aberdeen and will lead the bank’s presence in the local Aberdeen market.

Both of them will report to Ally Scott, Managing Director for Barclays Corporate Banking in Scotland, who holds overall responsibility for the industry team.

Meanwhile, Shell shareholders have overwhelmingly approved the oil giant’s merger with rival BG Group.

More than 80% voted yesterday to back the Board’s recommendation. Shareholders in BG Group vote today on the proposed deal.

Ben van Beurden, Chief Executive, Shell, said: “I am delighted with the positive shareholder vote and the confidence that shareholders have shown in the strategic logic of the combination of Shell and BG. Our immediate focus is on the successful completion of the transaction and we now await the results of the BG shareholder vote.”

Pixie Energy

Pixie logo Pixie Energy is an incubator and a facilitator of strategic research and project work, focusing on energy regulation, policy and markets at the local and national level. Find out more about Pixie Energy here.

Local Energy Matters: Scotland

Local Energy Matters: Scotland is a free-to-download brochure with a focus on energy tariffs in the two Scottish electricity distribution regions, as well news on local energy and low-carbon schemes.

Previous editions can be download here.

Scottish energy market overview

You can read an overview of the Scottish energy market here.

Scottish Government energy feed