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Øyvind Eriksen

President and CEO, Aker

Search every verified Øyvind Eriksen interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In 2024, Eriksen stated that Aker had been "too eager too early" in the renewable energy sector, leading to "far too large losses on green investments." He said the company "gaped over too much" regarding its earlier renewable initiatives, but added that renewable energy and green technology remain "very relevant for Aker's future" given its engineering resources and industrial network. Eriksen also said he believes the oil age will last longer and the energy transition will take more time than expectations set by politicians who have not understood the complexity of the energy system, arguing that the world needs to invest in both oil and gas and renewables in parallel. Regarding Aker BP, Eriksen said in early 2024 that the company has no plans to expand outside the Norwegian continental shelf and has an investment program of around 200 billion Norwegian kroner through 2027. He described Aker BP's task as producing oil and gas on the Norwegian shelf with the lowest emissions and lowest costs in the world. In 2020, Eriksen said Aker was preparing its portfolio companies for high volatility and low oil prices for the next few years, and that the company was in contact with the Norwegian government and opposition parties about changes to the petroleum tax regime to stimulate new activity.

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