Equinor making job cuts in UK, Canada and US in response to downturn
Equinor is making job cuts in the UK, Canada and US in response to the oil downturn, with its Aberdeen workforce included in the process.
Eldar Saetre
Equinor appoints Anders Opedal as new CEO
Equinor has appointed insider Anders Opedal as its new CEO, replacing Eldar Saetre who is to retire after 40 years in the Norwegian energy company.
Equinor’s profits crash by 98% due to oil price slump
Norway’s Equinor saw its profits slide by 98% - a drop of £3.8billion – year-on-year as the Covid-19 pandemic and oil price crash took effect.
Impairments of £2.1billion drag Equinor into the red
Impairments of £2.1billion dragged Equinor into the red in the third quarter of the year while revenues and production also fell.
Equinor UK North Sea boss to become top advisor to CEO
Equinor’s UK boss is preparing to become the top advisor to the Norwegian energy giant’s chief executive.
Equinor chief gets 14% pay boost
Equinor chief executive Eldar Saetre took home a total of £1.5m in overall pay last year.
Exclusive: Statoil CEO Eldar Sætre on the industry’s “energy transition”
Statoil has made a slight but incredibly significant change to its brand.
Video: Statoil produces climate change ‘roadmap’
Statoil is aiming to reduce its annual CO2 emissions by 3million tonnes by 2030.
Statoil boss says no connection between cost-cutting and safety concerns
Statoil's chief executive has claimed there is no connection between the number of incidents this year and cost-cutting amid the oil downturn.
Statoil widens losses on weak markets
Norwegian operator Statoil widened its losses as its income for the third quarter of the year dropped to $737million compared with $883million the year previously.
ONS 2016: Statoil’s Eldar Saetre – “$25, My God”
With his hand over his heart Statoil's chief executive muttered: "$25 - My God."
ONS 2016: Eldar Saetre says industry has just “scratched the surface” of succeeding in low oil
Industry has just “scratched the surface” of what is possible in a low oil price, Statoil’s Eldar Saetre said.
North Sea helicopter crash: Statoil chief exec to visit Gullfaks B platform
Statoil's chief executive will visit the Gullfaks B platform today and meet with colleagues of those who died in a North Sea helicopter crash.
Highest carbon tax in oil nation prods Statoil to try ‘batwind’
The highest carbon tax in an oil producing nation has persuaded Norway’s state-owned driller to experiment with batteries and wind turbines as an alternative for supplying electricity to offshore rigs.
Statoil chief exec says he can’t afford “$100 way of thinking”
Statoil’s chief executive Eldar Saetre said he “can’t afford the $100 way of thinking” as oil prices continue to decline. The boss of the Norwegian operator said oil companies have become too accustomed to a high oil price.
Statoil chooses FPSO for Johan Castberg
Norwegian operator Statoil has decided to develop its Johan Castberg discovery in the Barents Sea using an FPSO (floating, storage and offloading vessel). The company’s chief executive Eldar Saetre told a seminar in Norway that the planned concept would work well in moving the project forward at a lower cost.
Faroe’s oil discovery highlights need for exploration incentives says MP
Faroe Petroleum's announcement that it had discovered oil in the North Sea has been welcomed by Scottish MP - albeit that the discovery was made in the Norwegian sector.
Eldar Saetre appointed as Statoil’s new chief executive
Statoil has appointed Eldar Saetre as its new chief executive following the departure of Helge Lund to BG Group last year. Mr Saetre has been acting as chief executive and president of the Norwegian company since last October. Statoil said his annual fixed salary will be 7.7 million NOK and Mr Saetre will participate in Statoil’s programs for annual variable pay and long term incentives, as previously established for the chief executive position.