Statoil employees receive bonuses
Statoil employees been awarded bonuses of more than NOK50,000 on their average pay.
pay
Oil workers’ pay rose 2.3% in Norway last year
The average pay for oil and gas workers rose by 2.3% last year, despite a reduction in the global oil price.
Misconceptions about pay puts school leavers off apprenticeships, study finds
Many school leavers in Scotland are being put off joining apprenticeship programmes due to widespread misconceptions about pay and qualifications, a study suggests.
Cheniere Energy chief takes pay cut
The chief executive of Cheniere Energy has had his salary cut to $1 following a revolt by the company’s shareholders. Last year, Charif Souki took home a $142million pay package. However, Cheniere Energy said it was cutting his salary from $800,000 to just $1, but also approved a cash bonus of $2.4million.
OGA chairman to be paid £100k for part-time role
Eyebrows were raised after it emerged that the incoming chairman of the new oil and gas regulator would enjoy a £100,000 pay packet for a job that requires just 2.5 days a week work. The Oil and Gas Authority (OGA), formed on the recommendation of the Wood Review, is on the hunt for a chairman or woman after it recruited former BG Group boss Andy Samuel as its new chief executive. Mr Samuel, who takes up his new job on January 1, will be paid £250,000 per year.