Aker BP chief executive Karl Johnny Hersvik has defended the Anglo-Norwegian independent's decision to steer clear of any renewable energy investments, insisting the pure-play oil and gas player is looking after investors' interests by "doing what we are best at".

ENERGY EXPLORED: SUBSCRIBE TO ACCELERATE

Gain valuable insight into the global oil and gas industry's energy transition from ACCELERATE, the free weekly newsletter from Upstream and Recharge. Sign up here today.

The Oslo-listed company — in which UK supermajor BP holds a 30% stake, with Norwegian conglomerate on 40% — vowed on Thursday to remain a pure oil and gas player despite the ongoing energy transition drive in the industry.