Three60 Energy, a newly formed oilfield service company backed by Simmons Private Equity, appointed Walter Thain CEO, North Sea. He is responsible for supporting the strategic growth of recently acquired Step Change Engineering, adding further acquisitions and leading the development of overall life cycle support services capability in the North Sea. Thain has 28 years' oil and gas industry experience and joins the company from Petrofac, where he was accountable for growth and regional delivery across engineering, operations, decommissioning, and training services within Europe, North Africa, and the Americas, together with the global delivery of specialist service capabilities including well engineering and asset management. Prior to this, he held senior engineering and leadership positions with McDermott Engineering, delivering both brownfield and greenfield engineering projects. Thain also served as a director on the O&G UK board, as well as chairman of the O&G UK efficiency task force. Three60 Energy has acquired capability in reservoir engineering (Leap Energy based in Kuala Lumpur) and brownfield engineering (Step Change Engineering based in Aberdeen), and is in discussions with a number of companies interested in participating in the group, according to the company.
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