Circle Oil reported Monday that it has appointed Stephen Jenkins as its new chairman. Jenkins was previously employed by Nautical Petroleum between April 2005 and December 2012, serving as the firm’s CEO until August 2012, when Nautical was sold to Cairn Energy for $680 million (GBP 414 million). 

Commenting on his appointment, Circle Interim Chairman Nick Clayton said: "The appointment of Steve Jenkins represents a landmark event for Circle and I am absolutely delighted to welcome him as the new Chairman. He has a wealth of technical, City, management and MENA experience and is therefore an ideal candidate to work with the executive team and the board to steer the company through the next phase of development and growth". 

Circle CEO Chris Green added: "In Steve Jenkins we have a highly qualified and respected new chairman. I look forward to working with Steve as we enter an exciting time for Circle and its stakeholders."