All systems go
New Siemens oil and gas CEO Thorbjoern Fors says that every fuel source and technology should be in the energy mix as the world economy strives towards carbon neutrality
Thorbjoern Fors became the CEO of the oil & gas division of Siemens Energy on 1 April 2020, just as Petroleum Economist was going to press. Taking the helm of the division starts the latest chapter in his 17-year career in the German industrial giant—and also represents the latest corporate milestone in the establishment of a new independent pure-play energy services company. Siemens announced last year that Siemens Energy is to be spun off as a publicly listed company by September 2020. It will address almost the entire value chain across the oil and gas, power generation and power transmission segments. The mechanical engineer has more than 25 years of international experience in busin
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks