As first days at work go, Monday was eventful even by the standards of someone as experienced as Lord Browne. The former BP head took over as executive chairman of L1 Energy, a new $10bn oil and gas investment fund backed by Russian billionaire Mikhail Fridman, to find an unfolding row between his oligarch boss and UK energy secretary Ed Davey at the top of his in-tray. The peer, whose appointment completes a remarkable rapprochement with Mr Fridman, a one-time foe, will use his decades of energy industry expertise and extensive contacts book to lead a hunt for partnership deals and acquisitions. The assets acquired by Mr Fridman’s LetterOne group in a €5bn purchase completed on Monday of RWE Dea, the oil and gas arm of Germany’s RWE , are meant to form the cornerstone of an international energy business. There will […]