Equinor shakeup hastens to move away from oil

According to Oilprice.com Norway’s oil major Equinor announced on Monday that its incoming chief executive Anders Opedal – who will replace retiring Eldar Sætre in November – has a mandate from the board of directors to accelerate Equinor’s transition from an oil company to a broad energy company.

Opedal, who was last Executive Vice President Technology, Projects and Drilling at Equinor, will assume the CEO role on November 2.

“Equinor is entering a phase of significant change as the world needs to take more forceful action to combat climate change. The board’s mandate is for Anders to accelerate our development as a broad energy company and to increase value creation for our shareholders through the energy transition,’’ Jon Erik Reinhardsen, Chair of the Board of Directors at Equinor, said.

“Together, we will accelerate the development of Equinor as a broad energy company and our growth within renewables.”

Original Source: https://ocean-energyresources.com/2020/08/11/equinor-shakeup-hastens-to-move-away-from-oil/