Timera Energy’s team is defined by its senior industry expertise. Our core team members have held roles at BP, Origin Energy, Exxon, JP Morgan, Enron, Williams Energy and Dynegy. Our client relationships are built around delivering value in areas where we have first hand experience.
A summary of the experience of some of our core team members is provided below. As well as a core team, we have a strong network of senior associates that we call on to provide specific commercial or analytical expertise.
David Stokes – Director [Read more]
David has worked in energy and financial markets since 1996. He is an expert in the valuation and risk management of energy assets and portfolios. He has worked in roles across Europe, the US and Australia which have combined commercial and trading experience with a depth of analytical expertise. David has led Timera Energy’s work with clients including BG, Statoil, Partners Group and E.ON Global Commodities.
David has an Honours degree in Economics from the Australian National University. He completed a graduate programme with the foreign exchange trading desk at Bankers Trust in Sydney and then joined JP Morgan working as a spot foreign exchange trader in London and New York. After making the transition to energy markets in the late 90’s, David worked on the Structuring Desk at Williams Energy in London valuing assets and structured energy contracts and developing hedging and risk management strategies. He then joined the Wholesale and Trading division of Origin Energy in Australia, having responsibility for the valuation and risk assessment of major projects, contracts and acquisitions. Prior to co-founding Timera Energy, David was a member of the Senior Management Team at Redpoint Energy where he led the delivery of projects covering asset valuation, portfolio hedging, asset optimisation and risk governance. This involved working closely with a number of European energy companies including Statoil, EDF, BG, Centrica, Shell and E.ON.
Olly Spinks – Director [Read more]Olly has 20 years experience in the energy industry. He is an expert in a broad spectrum of analytical techniques that are applied to gas and power markets. He has worked in a variety of roles within energy trading organisations that have given him a deep understanding of asset valuation, hedging and optimisation. Olly has led Timera Energy’s work with clients including Macquarie, RasGas, Gasunie and BP.
Olly has a Master of Commerce (Hons) degree in Operations Research from the University of Canterbury (NZ). The formative years of his career were spent working in both New Zealand and Europe as an analyst focused on power and gas asset valuation and market fundamental analysis. This included time at Dynegy where he worked on a number of high profile deals. Olly then spent 7 years with BP Integrated Supply and Trading where he ran the commercial analytics function for BP’s European gas, power and global LNG trading businesses. In this role, he managed a large team delivering valuation services, deal structuring and fundamental analysis to the trading books and business development teams. After leaving BP, Olly worked briefly as a consultant for several European clients including EDF and Statoil before co-founding Timera Energy.
Nick Perry – Senior Advisor [Read more]Nick has extensive energy industry expertise specialising in portfolio & transaction structuring, risk management, market dynamics and regulatory issues. He has spent over 20 years working in the gas and power industries for Exxon, Amoco and Enron, where he was a Board Director of Enron Europe. More recently, Nick has provided commercial consulting expertise to energy companies, banks, regulators and governments.
As a consultant Nick has advised on price review negotiations and been a gas litigation case expert witness. As part of his industry experience, he has acted as a principal in the negotiation of numerous long term contracts when at Exxon/Esso, Amoco and Enron. Nick was founder-shareholder and Senior VP of Caminus Corp. where he held the role of Managing Director European Strategic Consulting and worked closely with David Stokes and Olly Spinks. From 1993-1997 Nick was a Board Director, Enron Europe Ltd and of Teesside Power Ltd. From 1988-1993 he worked as a Senior Negotiator, Natural Gas for Amoco and from 1977-1988 held various commercial and negotiating roles in Supply, Logistics, Treasury and Natural Gas for Exxon/Esso.
Howard Rogers – Senior Advisor [Read more]As well as a Timera Energy Senior Advisor, Howard is Chairman of the Natural Gas Research Programme at the Oxford Institute of Energy Studies (OIES). This role has included overseeing extensive analysis of LNG and European gas market fundamentals. Prior to this, Howard spent almost 30 years in commercial and analytical roles at BP. Most recently he was Head of Fundamental Analysis at BP. He has also worked as a Senior Gas Negotiator for BP.
In his OIES role, Howard is responsible for the management, strategic direction and finances of an internationally renowned gas research programme employing a team of permanent staff and larger group of visiting Research Fellows and contributors. The programme focus is on delivering independent, leading edge research on all significant existing and emerging issues in the increasingly interconnected world of natural gas. The OIES was voted the number one Global Think Tank for Energy and Resource Policy in the 2013 annual poll conducted by the University of Pennsylvania. Prior to this, Howard spent almost 30 years in commercial and analytical roles at BP. This included Head of Fundamental Analysis, BP Global Gas (2002–2008) where he managed a Team of four analysts to provide the analytical foundation for BP’s gas business development strategy. He was a Senior Gas Negotiator (1999-2002). In addition his experience with BP included roles in upstream business development, strategy and planning in Europe, USA, Kuwait and Azerbaijan.
Emilio Viudez Ruido – Principal [Read more]Emilio has worked for the last 15 years in the European energy industry. He specialises in designing and implementing practical solutions for the valuation, hedging and risk analysis of energy assets, capturing the realistic constraints of day to day operations. Emilio has extensive experience in delivering analytical, systems and process solutions to the trading and risk management functions of European energy companies.
Emilio has an MPhil degree in mechanical engineering from the University of Cambridge and is ERP certified by the GARP organization. From the late 1990’s, he worked in Caminus Consulting’s Trading and Risk Management team. Following the acquisition of Caminus by SunGard, Emilio moved into the ETRM systems business where he was focused on the design and delivery of commercial and risk analytics solutions to European energy clients, including Shell, ENI, BP, Noble, Drax, BG, Endesa, ESB, Fortum, EDF, Electrabel & Eneco. For example Emilio has worked on design of energy portfolio book structures, covering P&L and Risk attribution and transfer price mechanisms. He has also developed a hedging orientated methodology to deconstruct a complex energy portfolio into underlying commodity and FX market exposures.