Add to Calendar 2020-03-18 00:00:00 2020-03-19 00:00:00 Europe/Oslo CANCELLED:
Oil & Finance 2020
Lysebuveien 12 0790 Oslo Norsk Petroleumsforening CANCELLED:
Oil & Finance 2020_2020-03-18 00:00:00
18. to 19. Mar 2020

Oil & Finance 2020



Update March 11, 2020:
We regret to inform that we have today decided to cancel the upcoming Oil & Finance conference due to the “force majeure” situation connected to the outbreak of the COVID-19 virus world wide.

Many of the attendees, both speakers and delegates, have communicated travel restrictions and abandonment from attending any public events. It is therefore not possible to uphold the conference in addition to our consideration for everyone’s health and safety.

Please accept our sincere appologies!

Oil & Finance Conference in Oslo, 18 – 19 March 2020
– “Is the climate changing for fossil fuel investments?”


The climate is changing. This in turn is colouring the political debate around the oil and gas industry in general and the regulatory framework specifically. Investors are also getting increasingly concerned with the environmental profile of their investments. ESG, an abbreviation rarely used only a few years back, is currently on everybody’s lips.

In the midst of this, oil companies are making investment decisions for projects with a long time horizon. Some companies are talking about carbon neutrality, but for the vast majority of oil companies the main strategy is still to find, develop and produce hydrocarbons as cheaply and efficiently as possible. Will the behaviour of oil companies change going forward and how is the public opinion affecting the capital flowing into the business? Is the climate indeed changing for investments in the oil & gas industry?

Against this backdrop we will among other things get the perspectives of industry heavyweights like Philip Lambert and Maria Moræus Hansen as well as an update on the North Sea M&A market and the most recent developments in the bank and bond markets.

In a pleasant environment at Lysebu, the 2020 Oil & Finance conference also offers you plenty of opportunity for networking.



Wednesday 18. March






Opening remarks

Morten E. Lindbæck, Chair of the Program Committee

NCS today - OED perspective

Gaute Erichsen, Head of Section, Ministry of Petroleum and Energy

Energy addition, not energy transition

Torbjørn Kjus, Chief Economist and Head of Investor Relations, Aker ASA

What has happened?

Daniel Stenslet, Equity Research, Arctic Securities



M&A trends in the North Sea

Paul Wheeler, Head of International Energy Banking, Jefferies

M&A and industry trends on the NCS

Anders Wittemann, Wittemann E&P Consulting

Heading for shortage?

Philip Lambert, CEO, Lambert Energy Advisory



M&A Battle

Bjørn Inge Tønnessen

Erlend Basmo Ellingsen, Senior Partner, Hitecvision

Arild Dybvig, Commercial and Business Development Director, Lundin Norway AS


ESG- possible implications for NCS

Maria Moræus Hanssen

Wine tasting

Sponsored by Arctic Securities and Pandion Energy


Dinner speech - John Knight, Senior Partner, HitecVision

Thursday 19. March




Equity and IPO market for oil & gas

Matthew Ball, Investment Banking, Morgan Stanley and Jarand Lønne, Investment Banking, SpareBank 1 Markets

Title to be advised

Ananya Modi, Global Advisory, Rothschild & Co

US and Norwegian High yield bond financing on the NCS. Process and trends for high yield issuances

Stig Klausen Engelhart, Partner and Magnus Tønseth, Partner, Bahr



ESG – impact on financing of oil and gas activities in the North Sea Market?

Espen Kvilekval, Global Head of Oil & Gas, DnB

Legal trends for M&A on the NCS and the UKCS

Preben Willoch, Schjødt and Anna P. Howell, Partner, Gibson Dunn

Norwegian parliamentary elections 2021 - what to expect for the oil industry?

Sigbjørn Aanes, Partner, First House

Conference summary




End of conference day 2

Torbjørn Kjus

Chief Economist and Head of Investor Relations

Torbjørn Kjus has 19 years of experience in analysing the global crude and refined products markets. He worked 6 years as an oil analyst and trader in Norsk Hydro in Oslo and BP trading in London before he took up his role as Chief Oil Analyst in DNB Markets in Oslo in 2007. He held this position for 11 years but currently works as Chief Economist and Headf of Investor Relations in Aker ASA, the Industrial Investment company. Torbjørn was by Norwegian institutional investors ranked as the number one financial analyst independent of sector when he resigned from DNB in 2018. For the Oil & Gas sector Torbjørn was ranked as the number one financial analyst during his last four years in DNB. Torbjørn annually executed 250 presentations on the global oil & gas markets to investors and oil industry worldwide and was frequently quoted in media such as Bloomberg, Reuters, Platts, Wall Street Journal, Houston Chronicle, etc. He regularly briefed the US Treasury in Washington D.C. on the global oil market and provided consultations about the market to the Norwegian Ministry of Petroleum, to the Norwegian Pension Fund (NBIM) and to the Norwegian Central Bank. Oil “legends” like Ray Hunt, Olav Refvik and numerous hedge funds in London and New York have leaned on Torbjorn to interpret the global energy space, in addition to oil producers and oil consumers worldwide. Torbjørn is particularly known for having predicted the 2014-2016 oil price crash as a consequanse of the US shale oil revolution.

Practical information

Norwegian Petroleum Society (NPF)

Lysebuveien 12, Oslo
Telephone: 0047-21 51 10 00

Conference fee: 
NPF personal members NOK 10,400 plus 25% vat
Non-NPF-members        NOK 12,400 plus 25% vat

The fee includes:
– Coffee/tea
– Lunches
– Conference Dinner
– Access to the presentations after end of conference

Payment can be done upon registration by credit card (Master Card/Visa/AmEx) or by invoice. If the invoice needs to be changed due to wrong or missing information there will added a fee of NOK 150 to the total amount. All international payments must be approved before the conference starts.

Cancellations must be received in writing by 4th of March 2020 and will be subject to a NOK 2,000 cancellation fee unless a substitute delegate is offered. After this date, the full registration fee will apply, however, substitutions will still be accepted. Substitutions for registered delegates may be made at any time, but we would appreciate prior notification.

Force majeure
Events beyond the control of the NPF – for example, but not limited to, extreme weather conditions, acts of war, terrorism, transportation shut-down (strikes or accidents), government regulation or advisory including travel warnings, serious illness or epidemics that makes it impossible to fulfill the obligations of conducting the conference entitle NPF to cancel the event without liability.

Conference paper:
Presentations from the conference will be available after end of conference. Delegates will be informed when available via e-mail.

Programme changes:
It is sometimes necessary to change timing of the programme. The conference organizer will not be liable for any such unavoidable changes.

We offer conference participants to purchase membership of NPF together with registration and payment for the conference:
1 year membership for conference participants – other local charters (NOK 1,000)

Lysebu, Oslo, Norway, NOK 1,705 per night (incl. vat) including breakfast, to be paid directly to the hotel.

For further information please contact:
Norwegian Petroleum Society
Kristin Øinæs
Project Manager
tel. +47 455 07 475