Equinor Establishes Two New Business Units to Better Capture Opportunities, Increase Value

By Dominic Chopping

Equinor will replace its marketing, midstream and processing unit with two new business divisions as it aims to better capture market opportunities and increase long-term value creation.

The Norwegian energy major said the separation into two units will ensure closer integration between strategy, operating model and organizational setup, with clearer accountability and better use of assets, insights, data and capabilities.

"I want to create the best possible conditions for safe and efficient operations of our onshore plants, while ensuring that we become better at identifying and pursuing opportunities," Chief Executive Officer Anders Opedal said.

A new midstream, processing and infrastructure unit will be responsible for the onshore refinery, operated terminals, pipelines, storages and processing plants. This unit will be led by Geir Sortvedt.

The second new business division will contain the company's trading and marketing activities and be led by Irene Rummelhoff.

"We have identified a clear value potential we can deliver through strengthening our trading business," Opedal said. "This part of our business also ties together all our production and products, and will ensure that market insights and future customer demand will more actively drive strategy, portfolio decisions and business models for Equinor."

The company is assessing further potential changes to the operating model and organizational structure and plans to have a solution ready before the summer.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

March 19, 2026 03:44 ET (07:44 GMT)