Learn more about Hart Energy Conferences
Get our latest conference schedules, updates and insights straight to your inbox.
Equinor's Al Cook announced on Oct. 10 that he will resign to become CEO of a company outside the energy industry effective Apr. 1, 2023, according to a company press release.
According to Reuters, he will serve as CEO of diamond producer De Beers, with current CEO Bruce Cleaver stepping down to serve as co-chairman of the De Beers Group.
Cook, who serves as executive vice president of exploration and production international, said in the release, "I am grateful for the opportunity I have had to contribute in shaping and delivering Equinor's strategy of becoming a broad energy company. And I am particularly proud of the performance improvements we have delivered together."
He will continue in his executive role until April of 2023 in order to ensure a smooth transition to his successor, the company stated.
Cook joined Equinor as senior vice president of development and production international in 2016, where he was responsible for overseeing operations in South America, Africa and Russia.
Following that role, he served as executive vice president of global strategy and business development from May 2018 to January 2021.
"After years of commuting between Norway and the U.K., I now look forward to living with my family in London," Cook added. "But I remain a huge supporter of Equinor’s leadership in the energy transition."
Equinor president and CEO Anders Opedal added, “I would like to thank Al for his contribution to focusing and optimizing our international oil and gas business, and I congratulate him on his new appointment."
Recommended Reading
In Shooting for the Stars, Kosmos’ Production Soars
2024-02-28 - Kosmos Energy’s fourth quarter continued the operational success seen in its third quarter earnings 2023 report.
TechnipFMC Eyes $30B in Subsea Orders by 2025
2024-02-23 - TechnipFMC is capitalizing on an industry shift in spending to offshore projects from land projects.
Marathon Chasing 20%+ IRRs with Los Angeles, Galveston Refinery Upgrades
2024-02-01 - Marathon Petroleum Corp. is pursuing improvements at its Los Angeles refinery and a hydrotreater project at its Galveston Bay refinery that are each boasting internal rate returns (IRRs) of 20% or more.
Some Payne, But Mostly Gain for H&P in Q4 2023
2024-01-31 - Helmerich & Payne’s revenue grew internationally and in North America but declined in the Gulf of Mexico compared to the previous quarter.
Marathon Petroleum Sets 2024 Capex at $1.25 Billion
2024-01-30 - Marathon Petroleum Corp. eyes standalone capex at $1.25 billion in 2024, down 10% compared to $1.4 billion in 2023 as it focuses on cost reduction and margin enhancement projects.