Salary News

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Ovintiv Criticized Over 'Excessive' Pay
Wednesday, November 18, 2020Activist investor Kimmeridge Energy Management Co. has built new positions in Ovintiv Inc., PDC Energy Inc., and Cimarex Energy Co. and plans to push for changes at the oil and gas companies.

BP Becomes Accredited UK Living Wage Employer
Friday, August 28, 2020The Living Wage Foundation confirmed Thursday that it has formally accredited BP (NYSE:BP) as a UK Living Wage Employer.

Rockhopper Cuts Staff and Pay
Tuesday, May 19, 2020Rockhopper Exploration has announced several measures to reduce its cost base following a board review of expenditure.

Petro Matad Cuts Salaries
Monday, May 11, 2020Mongolian oil explorer Petro Matad Limited has implemented salary cost saving measures.

Oceaneering Leadership, Board Take Voluntary Pay Cuts
Tuesday, May 05, 2020The cuts affected base payments by as much as 20 percent.

Sapura Energy in Austerity Drive
Monday, April 27, 2020Sapura Energy Berhad is undertaking a series of austerity measures to mitigate the impact of the pandemic and low oil prices.

BP Bosses Give Donations to Mental Health Charities
Tuesday, April 14, 2020BP Chief Executive Officer Bernard Looney has revealed that he and BP Chairman Helge Lund have decided to give 20 percent of their salaries for the rest of the year to mental health charities.

OGUK Hosts Webinars to Help Firms Through Pandemic
Friday, April 10, 2020OGUK is hosting a series of webinars for its member companies to learn more about the support available to them in the wake of the coronavirus pandemic.

Fugro Implements Painful Measures
Monday, April 06, 2020Fugro revealed Monday that it is minimizing the hire of short-term charters and implementing a hiring and salary freeze and measures to reduce its workforce.

Wood Significantly Adjusts Cost Base
Friday, April 03, 2020Wood announced Thursday that it is taking action to 'significantly' adjust its cost base in anticipation of a reduction in activity levels.

Apache Reducing Permian Rig Count to Zero
Friday, March 20, 2020Here are some of Rigzone's top stories during the last week, just in case you missed them...

Keppel Donates Millions to Help Fight Virus
Thursday, March 19, 2020Keppel Corporation Limited has announced a 'comprehensive package' worth more than $4.2 million to help the Singapore community weather the COVID-19 pandemic.

Liberty Oilfield Services Executes Salary Reduction Plan
Monday, March 16, 2020All members of the executive team voluntarily requested a base salary reduction in the amount of 20 percent.

McDermott Expects to Keep Paying Wages and Benefits
Wednesday, January 22, 2020All of McDermott's businesses are expected to continue to operate as normal for the duration of its recently announced restructuring, the company has confirmed.

Salaries Growing Faster in Texas Than NY
Tuesday, November 19, 2019The New York city area may boast the largest share of personal income in the U.S. but pay is growing the fastest in the much smaller oil-boom towns of Odessa and Midland.

Is Salary Becoming Less Important in Oil and Gas?
Tuesday, September 10, 2019Rigzone's latest Ideal Employer Survey showed a drop in ranking for the attribute of a competitive salary.

Portugal Truckers Threaten to Boycott Orders
Wednesday, August 14, 2019Portuguese truck drivers are threatening to boycott government orders to deliver fuel to gas stations and airports on the third day of a strike over pay conditions.

Portugal Orders Striking Truckers to Haul Fuel
Tuesday, August 13, 2019Portugal declared a civil order to ensure that truck drivers, who began a strike on Monday, deliver enough fuel to stop airports and gas stations from running dry.

It Pays to be Thin at Pemex
Monday, August 05, 2019At Mexico's state-run oil company, skinnier waists mean bigger bonuses.

Houston Rig Giant Keeps Astros Owner on Board
Monday, July 29, 2019Jim Crane was voted off Nabors Industries' board by shareholders but the world's biggest owner of land-drilling rigs says it wants him to stay.

Anadarko Tweaked CEO's Potential Payout Before Chevron Deal
Tuesday, April 23, 2019Anadarko updated terms determining severance payments for senior execs the day before Chevron's $33B buyout offer was announced.

Shell CEO's Pay More Than Doubles in 2018
Thursday, March 14, 2019Royal Dutch Shell CEO Ben van Beurden's total pay, including pension, more than doubled in 2018 compared to 2017.

Strikes Begin at Shetland Gas Plant
Wednesday, March 13, 2019Unite union members at Shetland Gas Plant have commenced industrial action.

Offshore UK Workers Vote for Strike Action
Monday, February 25, 2019UK union Unite's offshore membership votes 'overwhelmingly' for industrial action on the Elgin-Franklin, North Alwyn, Dunbar and Shetland Gas Plant assets.

Energy Companies at Increasing Risk of 'Over-Investing'
Thursday, February 14, 2019Companies continue to link executive pay to the discovery of energy resources the world can't safely burn, according to a new report.

Unite Members Accept New OCA Offer
Wednesday, January 09, 2019UK union Unite has revealed that its 2,500 members covered by the Offshore Contractors Association have accepted a revised pay offer from the OCA.

One of Oil's Highest Paid Execs Taking Pay Cut
Wednesday, January 09, 2019One of the oil industry's highest-paid executives is taking a pay cut as his company braces for possibly difficult times ahead after its stock plunged last year.

Unite Members to be Balloted on New OCA Offer
Friday, December 14, 2018UK union Unite says its 2,500 members covered by the Offshore Contractors Association are to be balloted on a new pay offer.

Further Talks Planned to Avoid North Sea Strike
Wednesday, November 07, 2018The OCA and UK union representatives agree to meet on November 20 for further talks.

Strike Action on the Cards for UK GMB Union?
Tuesday, November 06, 2018UK union GMB confirms that most of its members covered by the Offshore Contractors Association agreement have voted for industrial action.

Thousands of UKCS Workers Edge Closer to Strike
Monday, November 05, 2018The 'vast majority' of UK union Unite's 2,500 members covered by the Offshore Contractors Association agreement have voted for industrial action.

US E&P Executives to See Higher Salaries in 2019
Thursday, November 01, 2018A new survey reveals that oilfield services and drilling companies expect an increase in executives' base salary.

How to Negotiate a Pay Rise as an Experienced Oil Pro
Friday, October 12, 2018Rigzone talks to several experts to find out how experienced oil and gas professionals can negotiate a pay rise.

Strike Action Cancelled by UK Union
Thursday, September 27, 2018UK union Unite cancels all future strike action on the Alwyn, Dunbar and Elgin rigs in the North Sea.

Strike Action Ballot Confirmed by UK Union
Monday, September 24, 2018UK union Unite confirms that its members covered by the Offshore Contractors Association agreement are to be balloted on industrial action.

UK Union Members Ask Total CEO to Intervene in Dispute
Thursday, September 20, 2018Members of UK union Unite at Total E&P have written an open letter to Patrick Pouyanne, chairman and CEO of Total, requesting his personal intervention in a dispute.

UK Union Members Emphatically Reject Revised Total Pay Offer
Wednesday, September 12, 2018UK union Unite says its members have 'emphatically rejected' a revised pay offer by Total.

Oil, Gas Companies Focus on Recruitment, Retention in the Permian
Tuesday, July 24, 2018While Midland is enjoying low unemployment rates due to increased Permian activity, there is still high demand for oilfield talent. (Photo Courtesy of Halliburton)

UPDATE: Norway Oil Workers And Employers Agree Deal, Strike Ends
Thursday, July 19, 2018Owners of Norwegian oil rigs are considering imposing a lockout on workers as a high-stakes gamble to try to end a strike by almost 1,600 staff that began last week.

Average Salary for UK Oil, Gas Jobs Up Nearly 10%
Thursday, July 19, 2018The average advertised salary in the UK for oil and gas jobs has increased by almost 10% over the last year, according to new research by Adzuna.

Norwegian Shipowner's Association: Norwegian Offshore Rig Strike Escalates
Monday, July 16, 2018A strike on Norwegian offshore oil and gas rigs has escalated, the Norwegian Shipowner's Association revealed Monday.

Digital Finance Broadens Roles for Oil and Gas CFOs
Friday, July 06, 2018In the oil and gas industry, digital finance is transforming the kinds of services that finance has traditionally delivered to the business.

What Drives Baby Boomers in Oil, Gas?
Tuesday, June 19, 2018Rigzone's latest Ideal Employer Survey outlines key generational differences among baby boomer, Gen x, and millennial oil and gas pros.

Survey: Salary More Important to N. America Oil, Gas Workers
Wednesday, June 13, 2018Rigzone's Ideal Employer Survey reveals how North America respondents' values at work differ from other respondents.

Norway's Top Oil Drilling Union Agrees Wage Deal, Smaller Union Undecided
Friday, May 25, 2018The largest labour union representing workers on Norwegian offshore oil drilling rigs agrees to a new wage deal.

Norway Unions, Employers Agree Wage Deal, Averting Strike
Monday, April 09, 2018Norway's private-sector trade unions reach a deal with employers over wages, pensions and other compensation, averting the outbreak of major strikes.

Continental Resources Boosts CEO Hamm's Pay 38 pct in 2017
Thursday, April 05, 2018U.S. shale oil producer Continental Resources Inc said it boosted founder and Chief Executive Harold Hamm's compensation by 38 percent in 2017.

BP Chief Dudley's 2017 Pay Rises After Previous Year's Cut
Thursday, March 29, 2018BP Chief Executive Bob Dudley's remuneration rose to $13.4 million in 2017, when the oil and gas giant's profits more than doubled and production soared.

Shell CEO's Salary Increases
Thursday, March 15, 2018The salary of Royal Dutch Shell plc's CEO, Ben van Beurden, increased by 2.5% in 2018.

Schlumberger CEO Gets $20.8MM Pay as Oil Markets Rebound
Tuesday, March 06, 2018Schlumberger CEO Paal Kibsgaard received $20.8 million in reported pay for 2017, a 12% boost from the prior year as the global oil market rebounded.