European private equity firm 3i has appointed Shaun Kingsbury as an industrialist in residence to raise its profile in the midstream gas and power industry.
Kingsbury has worked in the midstream gas and power sector for the last 15 years, both in the UK and US. After graduating from the University of Ulster, he spent 10 years working for Shell in its liquefied natural gas, pipeline and energy trading divisions.
After that, he spent two years at Centrica in the US and was most recently commercial director for ITI Energy, which invests in energy-related technologies.
Current oil and gas companies in 3i’s portfolio include: Vetco International, ABB’s former upstream oil and gas business; EDP, an oilfield development project manager; Epcon Offshore, a Norwegian designer and manufacturer of water treatment systems for the oil and gas industry; and Salamander Energy, an exploration and production company focused on South East Asia.
Graeme Sword, 3i’s head of oil, gas and power, said in a statement that the appointment would be invaluable in helping to identify and develop opportunities in the sector: “Our commitment to the upstream oil and gas industry remains strong, but the time is right for us to broaden our horizons.”