Petrofac: Asfari takes pay cut in final year as CEO
Former Petrofac CEO Ayman Asfari took a double-digit percentage pay cut in 2020, a year blighted by Covid, loss of work and an ongoing SFO investigation.
Former Petrofac CEO Ayman Asfari took a double-digit percentage pay cut in 2020, a year blighted by Covid, loss of work and an ongoing SFO investigation.
The person in the street may not regard the 19th of May as a date of any real significance.
CCS and offshore wind, a pair of key decarbonising technologies, are in “competition for space” in the North Sea causing a regulatory headache, according to an industry leader.
Strathcylde Uni has come aboard the Orion project in Shetland, a scheme to see major oil and gas fields in the region go net zero and produce clean fuel for the islands.
A 27-year-old, who has already co-invented a groundbreaking technology for the industry, is hoping her star will shine bright at the Decom North Sea awards this week.
Heerema, owner of the world’s largest offshore crane vessels, has said squeezed prices have made a “very difficult business case” for the decommissioning market.
The outgoing boss of Decom North Sea (DNS) has said 2021 could be a “defining year” for the industry, but decommissioning “needs to pay its way”.
Losses at Siccar Point Energy more than doubled in 2020 as the North Sea operator looks ahead to key decisions on its flagship Cambo field and the Equinor-operated Rosebank.
CNOOC has teased plans to electrify its North Sea platforms through floating wind and “build a new energy business” in the UK.
Around 200 jobs are at risk on a Seadrill North Sea rig after a spate of safety incidents saw its contract terminated, a union has said.
Teekay has bid a “final farewell” to the Petrojarl Banff FPSO, which has now arrived in Denmark for decommissioning.
Campaigners have brought a legal challenge to the UK Government for supporting plans they claim are “unlawful” for North Sea oil and gas production.
The Oil and Gas Authority (OGA) has forecast that the number of suspended wells in the UK North Sea will surge beyond 1,550 within five years.
Sembcorp Marine has said it is “back on track” with work on the Cambo FPSO for Siccar Point Energy.
The North Sea could face higher decommissioning costs if it doesn’t change its ways of working, the Oil and Gas Authority (OGA) has warned as it sets out its new strategy.
The head of decommissioning at EnQuest has joined the board of industry trade body, Decom North Sea.
Bilfinger Salamis has been awarded a €40 million (£35m) inspection contract for Total E&P assets in Denmark.
Corallian Energy attempted and failed to sell Shell and One-Dyas the “Jackdaw South” prospect ahead of the main development being sanctioned later this year.
Shell has reached a key milestone for giving the greenlight to Jackdaw, a North Sea project which was delayed amid the Covid-19 pandemic.
HH LAPS, a partner on Perenco assets in the Southern North Sea, has been rebranded as Everard Energy following a management buyout.
BP CEO Bernard Looney will headline the upcoming Oil and Gas UK (OGUK) annual conference.
Serica Energy has extended the life of its flagship Bruce field in the North Sea through to 2030.
A raft of North Sea decommissioning contracts are on the way from operators including Harbour Energy, Eni, CNOOC, Taqa and more.
A helicopter has been stuck on a North Sea rig for two days after the discovery of a "technical issue", combined with stormy weather conditions.
A company caught up in a “dangerous” Buchan Alpha decommissioning incident has been given little more than a “slap on the wrist” by the HSE, according to an offshore union.