Lundin Energy AB has proposed a name change for its standalone renewable energy business slated to remain following the close of a deal to combine Lundin’s oil and gas assets with Aker BP, the company said in a release May 16 (OGJ Online, Dec. 22, 2021).
Lundin’s onshore renewable assets in the Nordic nations, with forecast power generation of 600 GWhr/year once fully constructed, are not part of the planned combination. Lundin proposes a name change of the remaining business to Orrön Energy AB.
The change—expected to take effect July 1 following the anticipated June 30 completion of the Aker BP transaction—is subject to shareholder approval at a June 16 meeting.
The renewables business will retain certain members of Lundin Energy’s current board and management team, with knowledge of the asset base within renewables, the company said.
Alex Procyk | Upstream Editor
Alex Procyk is Upstream Editor at Oil & Gas Journal. He has also served as a principal technical professional at Halliburton and as a completion engineer at ConocoPhillips. He holds a BS in chemistry (1987) from Kent State University and a PhD in chemistry (1992) from Carnegie Mellon University. He is a member of the Society of Petroleum Engineers (SPE).
