Add to Calendar 2022-06-08 00:00:00 2022-06-09 00:00:00 Europe/Oslo Oil & Finance 2022
Oil is back!
–Was it ever gone?
Lysebuveien 12 0790 Oslo Norsk Petroleumsforening Oil & Finance 2022
Oil is back!
–Was it ever gone?
_2022-06-08 00:00:00
08. to 09. Jun 2022

Oil & Finance 2022
Oil is back!
–Was it ever gone?


Oil & Finance Conference 2022

“OIL IS BACK! – Was it ever gone?”


After a turbulent 2021, further uncertainty and turmoil continued into 2022 with Russian military invasion of Ukraine. 2021 started with a rebound in global economic activity with energy demand back on a strong growth trend but with limitations and bottlenecks on the supply side combined with planned and non-planned production shutdowns. The European energy market experienced cold weather and low output from intermittent wind power production, increasing the need for coal and natural gas power generation to balance the electricity demand.

The invasion of Ukraine has increased the focus on Europe’s reliance on Russian gas. Regardless of ambitions of increasing renewable energy production such as wind power, Europe will need alternative natural gas supplies for years to come. Security of supply is on the agenda. The climate is changing. So are the outlook for oil and gas prices.

In this critical situation, as some companies are talking about carbon neutrality, for the vast majority of oil companies the main strategy is still to find, develop and produce hydrocarbons as cheaply and efficiently as possible. But oil companies are making investment decisions for projects with a long time horizon.

This will be the backdrop for this year’s Oil & Finance conference. Is the climate indeed changing again for new investments in the oil & gas industry? Will we see capital flowing into the business?

In a pleasant environment at Lysebu, the 2022 Oil & Finance conference also offers you plenty of opportunity for networking.




Wednesday 08. June





Chair Day 1:

Helge Nordtorp, Co-Founder, Deputy CEO and VP Business Development, Pandion Energy

Opening remarks

Morten E. Lindbæck, Chair of the Program Committee

What has happened?

Nadia Martin Wiggen, Partner, Energy & Commodities, Pareto Securities

NCS today – Ministry perspective

Morten E. Lindbæck, Energy Economist, Ministry of Petroleum and Energy

The global energy system will probably change dramatically during the current and next decade, but how??? And how likely is it to reach climate targets?

Torbjørn Kjus, Chief Economist, Aker ASA



From Recovery to Scarcity

Damien Courvalin, Head of Energy Research, Goldman Sachs

M&A and industry trends on the NCS

Anders Wittemann, Chief analyst, Wittemann E&P Consulting

Perspectives on NCS

Jonny Mæland, CFO, Petoro



Panel NCS

Chair: Tore Sitje, Partner Corporate Finance, Arctic Securities
– Nikolai Lyngø, CEO, Sval Energi
– Jan Christian Ellefsen, CEO, Pandion Energy
–Sverre Skogen, Chairman & CEO, Mime Petroleum

From Energy Transition to Energy Security

Saad Rahim, Chief Economist, Trafigura

Wine tasting

Sponsored by Pandion Energy and OKEA


Thursday 09. June



Chair Day 2:

Erlend Brun Bakken, Partner, Schjødt

E&P Financing solutions

Chair: Jarand Lønne, Head of Natural Resources Investment Banking, SpareBank 1 Markets
– Espen Kvilekval, Global Head of Oil & Gas, DNB Bank ASA
– Teodor Sveen- Nilsen, Equity analyst, SpareBank 1 Markets
– Øyvind Hagen, Credit Analyst, Arctic Securities
– Hugh Mulcahy, Executive Director, Carlingford

Hedging – Key trends and observations

Mark MacLean, Managing Director, Commodities Trading Corporation (CTC)



Changes in the Petroleum Tax Act

Joachim M. Bjerke, Partner, Advokatfirmaet BAHR AS

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

Preben Willoch, Partner- Head of Industry Dep. Schjødt and Alon Gordon, Partner, Freshfields Bruckhaus Deringer LLP

Norwegian politics - what to expect for the oil industry?

Odd Hoen-Sevje, Partner, First House

Conference summary




End of conference

Alon Gordon

Partner, Freshfields Bruckhaus Deringer LLP

Alon Gordon is a Partner in Freshfields’ Global Transaction group, based in London. He advises financial investors and corporate clients on cross-border M&A and joint venture transactions, with a particular focus on the energy and infrastructure sectors.


Alon’s experience includes advising:

• Siccar Point Energy and its sponsors, Blackstone Energy Partners and Blue Water Energy, on the agreed sale of Siccar Point Energy to Ithaca Energy for $1.1bn plus up to $360m of contingent payments;
• Neptune Energy, including on its €4.7bn acquisition of Engie E&P International, €400m acquisition of VNG Norge and $250m agreement to acquire Edison E&P’s North Sea assets;
• Occidental Petroleum Corporation on its $57bn acquisition of Anadarko and its sale of Anadarko’s Mozambique assets to TotalEnergies;
• ConocoPhilips, TotalEnergies and Eni on their acquisition of interests in the Teesside oil terminal from Equinor;
• BP on the formation of its retail petroleum and aviation fuels marketing joint venture in India, ‘Jio-BP’, with Reliance Industries;
• OTPP and PSP on their acquisition of interests in a $2bn global renewables portfolio, Cubico Sustainable Investments, from Santander;
• EdF in relation to its UK nuclear project Sizewell C;
• SSE on the £500m sale of its retail energy business to OVO Energy;
• Bulb Energy in connection with its administration;
• OTPP on its acquisition of a 50% stake in Bristol Airport and the syndication of its interests in Birmingham and Bristol Airports; and
• APG, including on its €3bn acquisition of European toll road concessionaire Brisa alongside NPS and Swiss Life and on its Polish fibre joint venture with Orange Polska.

• University of Birmingham, UK (honours degree in law, first class)
• BPP Law School, UK (legal practice course, distinction)
Qualified as a solicitor in England and Wales

Practical information

Norwegian Petroleum Society (NPF)

Members of Conference Committee:

  • Morten E. Lindbæck, Ministry of Petroleum and Energy (Chair of Committee)
  • Erlend Bakken, Advokatfirmaet Schjødt
  • Helge Nordtorp, Pandion Energy
  • Tore Orm Sitje, Arctic Securities
  • Tobias Osterheider, Equinor
  • Jarand Lønne, SpareBank 1 Markets
  • Pål S. Fosse, DNB Bank
  • Marit Moen Vik-Langlie, OKEA

Conference language:

Lysebu, Lysebuveien 12, 0712 Oslo, Norway
Telephone: +47 21 51 10 00

Conference fee: 
NPF personal members NOK 10,900 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

Membership of the Norwegian Petroleum Society (NPF):
We offer conference participants to purchase membership of NPF together with registration and payment of the conference. 1 year membership for conference participants is NOK 1,000. Reduced membership fees apply for young professionals under the age of 34, students and seniors.

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 information there will be added a fee of NOK 150 to the total amount. All international payments must be approved before the conference starts.

Special Offer: Bring a colleague under 30 years of age for half price!
Participant no 2. or more under the age of 30 years from the same employer receives a 50% discount.

Lysebu, Lysebuveien 12, 0712 Oslo

NOK 1,720 per night (incl. VAT) including breakfast. Accommodation to be paid directly to the hotel upon departure.

Cancellations must be received in writing by 25th of May 2022 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.

In case of cancellation of the conference by the Norwegian Petroleum Society, (NPF), the participant will be refunded the conference fee and/or the exhibition fee. Other expenses the participants may have are not refunded, and is not the responsibility of NPF.

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 (striks 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.

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