Equinor makes changes in exploration leadership

  • Business & Finance

Norwegian oil and gas major Equinor has appointed a new acting executive vice president of its Exploration division as the current one will be taking on another role within the company.

Tore Løseth; Source: Equinor
Tore Løseth; Source: Equinor

Equinor said on Wednesday that Tim Dodson would step down from the position of executive vice president of exploration, a role he held since 2011, and take on the role of vice president for strategy execution in the Global Strategy and Business Development (GSB) division from 1 June 2020.

Tore Løseth has been appointed acting executive vice president of exploration and will join the corporate executive committee (CEC) in this capacity.

Equinor CEO Eldar Sætre said: “I take this opportunity to thank Tim for his long-standing contribution to corporate leadership and the executive committee of Equinor. I’m glad we can continue to capitalize on Tim’s deep experience and broad understanding of Equinor in his new role in the GSB strategy team and I wish him all the best.

At the same time, I welcome Tore to the CEC. He brings strong leadership and international experience to the team, and I look forward to working with Tore in his new role”.

Løseth joined Equinor in 2001 as a geologist, working with technology development and implementation as well as technical services for petroleum technology and exploration.

Currently, he is the senior vice president for international onshore exploration, a position he has held since October 2017.

Before this, Løseth was the senior vice president of exploration for the Gulf of Mexico, based in Houston. From 2008 to 2013, he held various leadership positions within exploration in Norway.

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