Jarand Rystad founded Rystad Energy in 2004 and has, since its inception, managed the company. Jarand has extensive experience in oil and gas and energy strategy advisory work from his long tenure with both McKinsey & Company and Rystad Energy. He has led a number of strategy projects for international oil and gas, oilfield service and energy-related companies. Jarand has also worked with governments and international organizations on topics related to the global energy agenda, and he actively advises investors on deal screening, transactions and portfolio management. Prior to McKinsey and Company, Jarand worked for Kvaerner Engineering and as a research scientist within Industrial Economics, gaining wide expertise in statistics and programming. According to the Financial Times, Jarand is “one of the most cited petroleum analysts in the industry” and has been the keynote speaker at numerous international conferences. His areas of expertise include energy and E&P strategy, energy scenarios and all aspect of the Energy Transition, renewables, asset and company transactions, macro analysis, and oil service industry analysis.
Jarand has engaged in the development of an Energy Scenario Database describing the changes in the global energy mix to 2100. Each scenario is described in terms of greenhouse gas emissions and consequences for global warming, building on the IPCC AR6 report. He has also been instrumental in the development of methodologies used to estimate annual energy capacity additions needed and the required associated investments, with a particular emphasis on solar and wind. Understanding efficiency and losses related to existing and new energy technologies has also been focus of Jarand’s work, including deep dives into hydrogen, batteries and CCS.
Jarand holds a M.Sc. degree in Physics from the Norwegian University of Science and Technology, where he majored with a thesis on asteroseismology. He also has an academic background in philosophy and has been the leader and founder of various organizations.