Norwegian oil and gas operator DNO ASA has appointed Birgitte Wendelbo Johansen as its new Chief Financial Officer, effective 1 November 2025. She will replace Haakon Sandborg, who is stepping down after 24 years in the role, marking a significant leadership transition for the Oslo-listed energy company.

Ms. Johansen joins DNO from Reach Subsea ASA, an Oslo Børs-listed oil services company where she served as Chief Financial Officer since 2012. Prior to her tenure at Reach Subsea, she built a successful career in banking with specialization in shipping and energy sectors, bringing substantial financial expertise to her new position.

Mr. Sandborg, who joined DNO from corporate finance roles at DNB and the Aker oil services group, is the company's longest-serving staff member. During his tenure, DNO completed 21 successful bond placements with no waivers, amendments, or defaults, a track record that incoming CFO Johansen described as difficult to overstate in terms of contribution to the company.

The transition will see Mr. Sandborg remain at DNO in a senior advisory role until the end of the year, ensuring a smooth handover. DNO ASA, founded in 1971 and listed on the Oslo Stock Exchange, maintains operations in the Middle East, North Sea, and West Africa, with stakes in onshore and offshore licenses across multiple regions including the Kurdistan region of Iraq, Norway, the United Kingdom, Côte d'Ivoire, and Yemen.

Swedish digital asset manager Virtune has launched what it claims is Europe's most cost-efficient Sui exchange-traded product (ETP) on Euronext Paris, marking another step in the company's expansion across European markets. The Virtune Sui ETP, with the ticker VRTU, provides investors with exposure to the Sui cryptocurrency through a regulated, physically backed investment vehicle. This launch comes as Virtune continues to build its position as one of the leading issuers of regulated crypto ETPs in Europe.

The new ETP features an industry-leading 0.95% annual management fee, making it the most cost-efficient Sui ETP available to European investors. Virtune plans to further expand the product's distribution by listing it on local German exchanges, including gettex and Tradegate, to improve accessibility for German investors. The company has established itself as a trusted provider in the digital asset space, serving over 150,000 investors since its launch just over two years ago.

Security and regulatory compliance remain central to Virtune's approach, with Coinbase serving as the crypto custodian for all of the company's ETPs. The underlying crypto assets are held in cold storage, providing institutional-grade security for investors. This infrastructure supports Virtune's commitment to offering European investors secure, transparent, and regulated access to digital asset markets through traditional investment channels.

Christopher Kock, CEO of Virtune, emphasized the company's mission to make innovative digital assets more accessible to investors. "We are excited to launch the most cost-efficient Sui ETP in Europe, reinforcing our mission to make innovative digital assets more accessible to investors," Kock stated. The launch strengthens Virtune's position as it manages more than $475 million in assets across its product offerings, continuing its growth trajectory in the European digital asset management landscape.