An Energy Analyst with over 25 years of sector experience, initially in Petroleum Engineering with Exxon, latterly as a stock analyst and corporate financier with Ernst & Young and now as a leader of his own business, Hulf Hamilton. Richard was born in Farnborough in 1966, he is a Chartered Engineer (C.Eng) and is a member of the Society of Petroleum Engineers and holds an MSc in Petroleum Engineering from Imperial College. He is married with three daughters.
Hulf Hamilton is renowned for providing the most original and insightful upstream company research available in the London markets today, as testified by an impressive client list. It provides rigorous research to Fund Managers and Financial Institutions investing and working with the upstream oil sector; including commercial, technical and financial due diligence on companies and assets. Prior to setting up Hulf Hamilton in 2004 he worked at:
Simmons & Company
2003 – 2004
Vice President
Worked in M&A practice in the UK targeting the Upstream oil and gas sector with a specific focus on North Sea deals. Extended periods spent in the USA pitching acquisition ideas to US potential buyers and working with UK based oil majors at a strategic level on divestiture planning and acquisitions.
Ernst & Young
1999-2003
Assistant Director
Particular focus on strategic valuation on cross border M&A in Europe and Asia. Developed probabilistic valuation techniques applied to Global energy M&A. Selected deal history included:
- ONGC Videsh, Financial Advisor – Acquisition mandate for corporate acquisition in Sudan ($750MM)
- Woodside Petroleum, Financial advisor – bid for Veba Oil company from BP ($2000MM)
- Indian Oil Corporation, Financial advisor - Acquisition advice on EOGIL Indian acquisition ($400MM)
- MND, Financial Advisor – Sales mandate for Pakistan gas interest ($80MM)
- Burren Energy, Financial advisor - revolving trade finance facility for Caspian shipping ($120MM)
- Woodside Petroleum, Joint financial advisor (CSFB) bid defence against hostile Shell bid ($9000MM)
- Nimir Petroleum – Financial Advisor - for North African asset disposal ($100MM)
Investec Henderson Crosthwaite
1997-1999
Financial Analyst
Sell side analyst covering stock from Shell and BP to the UK independents including Cairn Energy and Premier Oil. Regularly produced research to a network of fund managers and management in the oil industry. Specialised in strategic and financial evaluation of Russian based UK Oil Companies including JKX, Dana Petroleum, Soco Energy and Ramco. Built cash flow models based on oil field modelling.
Exxon 1995-1997
Petroleum Engineer
Reservoir Engineer responsible for various North Sea business Units on fields including Leman, Indefatigable, Sean, Tern, Dunlin, Osprey and Hudson. Later specialised in planning and economics.
Enterprise Oil 1994-1995
Petroleum Engineer
Sponsored project during MSc at Imperial College. Developed horizontal well analytical models for the North Sea Beryl Field resulting in a more accurate means of accessing well productivity.
Rockwell International 1989-1994
Process Engineer
Set up new office in Kuwait after the Iraqi invasion and worked on process control systems with the Kuwait Oil Company. Supervised engineering team on the rebuild on Mina Abdullah refinery and spent two years living in the Middle East. In the UK Richard worked primarily on refining and process control projects.
Babcock Energy Ltd.
1981-1989
Mechanical Engineer
Sponsored at university on a four-year thin sandwich degree, worked during the summer on UK power stations such as Drax and Grain and on thermonuclear design projects.