S'abonner

Torgrim Reitan, future CFO of Equinor

Torgrim Reitan has been named CFO and executive vice president of Equinor. His appointment will be effective October 6, 2022.

Share:

Torgrim Reitan has been named CFO and executive vice president of Equinor. His appointment will be effective October 6, 2022. He succeeds Ulrica Fearn who is leaving the company.

Torgrim Reitan, an experienced CFO

Torgrim Reitan knows Equinor very well.

He joined the company in 1995. He held various positions in the natural gas industry before becoming Senior Vice President of Performance Management, Tax and Mergers & Acquisitions between 2005 and 2007. From 2007 to 2009, Torgrim Reitan was Senior Vice President of Performance Management and Analysis.

Between 2015 and 2018, he served as executive vice president of development and production in the United States. Then, from 2018 to 2020, Torgrim Reitan is executive vice president of international development and production. Prior to his appointment, he was senior vice president of finance and control in Equinor’s renewable energy business.

Anders Opedal, CEO of Equinor, welcomes the appointment:

“I am very pleased to welcome Torgrim back to the Group Executive Committee. Torgrim has a very strong background to take on the complex challenge of CFO of Equinor as we pursue our ambition to be a leading company in the energy transition. In the current energy crisis, Torgrim’s presence on my executive team is a definite asset, given his experience as CFO, our upstream business, natural gas trading and operations, and finally the accelerating growth of our renewable energy business.”

For his part, the future CFO says he is ready to take on this new position. Thus, it intends to do everything possible to manage the energy crisis and contribute to the dynamics of society. In fact, Equinor is targeting Net Zero by 2050.

  • Populaires ​
Cadeler receives Wind Keeper vessel and secures firm EUR210m contract
Gutami Holding signs 150 MW solar deal with storage in Burkina Faso
Europe records record LNG imports since April
Nayara modifies payment terms for naphtha export tender following EU sanctions
Resalta acquires Statkraft’s Croatian platform, strengthening its position in Eastern Europe
ENI cuts net profit by 18% in the second quarter and bets on dividend strategy
Eni announces a sharp decline in quarterly net profit, the result of lower oil prices and a weaker dollar, while maintaining a strengthened dividend policy and a development trajectory in renewables.
EDF cuts debt and refocuses investments amid declining electricity prices
EDF is reassessing its industrial priorities and streamlining investments, as net profit falls to €5.47bn ($5.94bn) in the first half of 2025 due to a weakening electricity market.
Edison reports solid growth in the first half with €9.4bn in revenue
Energy group Edison posts increased sales and investments despite a less favourable market environment, advancing its renewables development and strengthening its positions in Italy.
SEGULA Technologies accelerates its growth in Africa with a new office in South Africa
SEGULA Technologies opens an office in Cape Town, strengthening its presence in the African market and targeting expansion in energy, rail, and automotive sectors, in partnership with South African industrial firm AllWeld.
GE Vernova raises its forecasts for 2025 after a strong second quarter
GE Vernova's revenue rose by 11% in the second quarter, driven by momentum in its Power activities, as the US group raised its financial targets for 2025.
Allrig strengthens its presence in Saudi Arabia with strategic expansion in Al Khobar
The Allrig group is expanding its operations in Saudi Arabia, supported by AstroLabs, to boost energy efficiency and address the growing needs of the local oil sector.
Saipem and Subsea7 validate their merger to create a global energy services giant
Saipem and Subsea7 formalise their merger agreement, resulting in the creation of Saipem7, an international energy services player with consolidated revenue of €21bn and an order backlog of €43bn.
TotalEnergies posts 29% drop in net profit in the second quarter of 2024
TotalEnergies reports a significant decrease in net profit and revenue for the second quarter, while relying on growth in its hydrocarbon and electricity production to sustain profitability and global ambitions.
Exus Renewables North America secures $308.2 million for solar and wind projects
Exus Renewables North America finalizes $308.2 million financing for two major solar portfolios in New Mexico and wind projects in Pennsylvania, showcasing the expansion of large-scale renewable assets across multiple U.S. markets.
Baker Hughes reports net income of $701 mn and optimizes its portfolio in Q2
Baker Hughes posted attributable net income of $701 mn in the second quarter, while executing several strategic transactions and strengthening its position in industrial technologies and oilfield services markets.
Equinor reports a 13% drop in profit for Q2 2025
Equinor announces a 13% decline in adjusted profit for Q2 2025, driven by falling oil prices, despite rising gas prices and production.
Iberdrola raises $5.9 billion to strengthen its grids in the UK and the US
Iberdrola launches a EUR5 billion (USD5.87 billion) capital increase to fund the expansion and modernization of its power grids in the UK and the US, while announcing a decline in its half-year profit.
Halliburton records a sharp decline in net income and revenue in Q2
Halliburton reports a 50% drop in net income and nearly a 6% reduction in revenue for Q2, with demand in North America remaining particularly weak.
The tech sector urged to accelerate the energy transition amid rising demand
The growth of data centres and artificial intelligence is putting unprecedented pressure on global electricity grids, prompting major tech companies to rethink their energy supply to address capacity and competitiveness challenges.
BP appoints Albert Manifold as chairman following Helge Lund’s departure
BP announces the appointment of Albert Manifold as chairman, succeeding Helge Lund. Manifold, former CEO of CRH, will join the board on September 1, before officially taking over the role on October 1.
Electrica raises €500 million with its first green bond issuance
Romanian company Electrica raised €500 million through the country's first green bond issuance, with participation from the European Investment Bank (EIB), to finance its renewable energy and storage projects.
Kem One and EDF sign agreement for 10-year electricity supply contract
Kem One and EDF signed a protocol agreement for a 10-year electricity supply contract, covering seven French industrial sites. The contract is expected to be finalised by the end of September 2025.
CES Energy renews buyback programme for 18.9 million shares
The Canadian energy solutions provider has received approval from the Toronto Stock Exchange to repurchase up to 10% of its float by July 2026.
Marseille court approves Bourbon’s accelerated financial restructuring
The Marseille Commercial Court has validated Bourbon Group’s accelerated safeguard plans, paving the way for a debt reduction and shareholder transition by the end of 2025.
Legrand raises 2025 forecast and jumps 9% on stock market
Legrand now expects annual revenue growth of 10 to 12%, driven by data centre momentum, with an immediate impact on its share price in Paris.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING