Former BP plc CEO Tony Hayward, as well as former exploration chief Andy Inglis, have scored prominent positions in two energy firms. Vallares plc, an energy fund vehicle backed by Hayward and a group of high-profile investors, raised US$2.2 billion in an initial public offering, which is one-third more than the original target. Vallares, to be based in London, is sponsored by Hayward and financiers Nathaniel Rothschild, Tom Daniel and Julian Metherell, who is the former UK CEO for Goldman Sachs Group Inc. The company plans to buy an emerging-market energy firm or an energy asset with an enterprise value of US$4.85-12.9 billion, the sponsors said. Inglis has been tapped to run Petrofac plc‘s new integrated energy services (IES) division.

©Copyright 2011Intelligence Press Inc. All rights reserved. The preceding news reportmay not be republished or redistributed, in whole or in part, in anyform, without prior written consent of Intelligence Press, Inc.