Offshore wind developer Statoil has changed up their corporate structure and created a new renewable energy division with the intent to grow its low-carbon portfolio. The New Energy Solutions (NES) business area will first focus on the company’s offshore wind portfolio and will eventually expand into other renewables.
According to a recent announcement from Statoil, establishing NES as a separate business area reflects the aspirations of the group to gradually complement their oil and gas portfolio with profitable renewable energy and other low-carbon energy solutions. The aim of NES is to drive further profitable growth in new energy solutions, including renewables for a low-carbon society.
A more detailed plan for the business will be developed as an integrated part of Statoil’s strategy. As a starting point the existing offshore wind portfolio will constitute the group’s activities in this area. The ambition is to grow and potentially expand into other sources of renewable energy, while also considering appropriate financial structures.
Irene Rummelhoff has been appointed EVP to lead the development of the business area. Rummelhoff comes from the position as senior VP for Exploration Norway in Statoil.
Jens Økland has been appointed EVP and will head up the new Marketing, Midstream & Processing business area (MMP). The renewable business is carved out of the previous Marketing, Processing and Renewable Energy business area (MPR). Acting EVP for MPR since October 2014, SVP Tor Martin Anfinnsen will take the position as SVP marketing and trading in MMP.
“I thank Tor Martin, who took on the challenge at short notice and has led MPR effectively during a time of considerable change,” says CEO Eldar Sætre.
CFO Torgrim Reitan has also been appointed EVP for Development & Production USA (DPUSA) after Bill Maloney decided to not prolong his contract with Statoil. Hans Jakob Hegge is appointed new EVP and CFO. Hegge comes from the position as senior VP for Operations North in Development & Production Norway.
Filed Under: Offshore wind