Salary News

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Exxon Plans Below Inflation USA Pay Raises
Friday, December 03, 2021Exxon's salary raises come after a difficult two-year period for the company and its employees.

Union Hails Massive Win in Wage Deal
Thursday, November 04, 2021The union revealed that it had recently entered negotiations with Petrofac.

Oil Trader Gunvor Has Near $300K Average Salary
Tuesday, October 05, 2021A rare disclosure by Gunvor Group Ltd. confirms what's long been suspected - jobs at energy trading firms pay very well.

Executive Paychecks at USA Oil Service Firms Rebound
Thursday, September 02, 2021Executive paychecks at America's biggest oilfield-service providers are returning to pre-pandemic levels.

Rigs of Nigg BBC Show to Air Next Week
Wednesday, August 11, 2021The BBC is scheduled to broadcast a program next week about the effects of the 1970s oil boom on the 'sleepy' Highland bay of Nigg.

Onshore Pipeline Project Costs Set to Rise
Tuesday, August 10, 2021Costs associated with onshore pipeline projects are likely to increase by between four and six percent globally by the end of 2022, according to Rystad Energy.

$17B Shale Player to Emerge and More
Saturday, May 29, 2021Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...

Petrofac Chief Exec Sees Pay Cut in 2020
Friday, May 21, 2021Petrofac's (LON: PFC) ex-chief executive Ayman Asfari saw a pay cut last year, the company's latest annual report, which was released on Wednesday, has revealed.

CEO Pay Drop and More
Saturday, April 10, 2021Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...

Total CEO Sees Pay Drop by More than a Third
Monday, April 05, 2021Total SE's (NYSE: TOT) Chairman and Chief Executive Officer Patrick Pouyanne saw his pay drop by 36.4 percent from 2019 to 2020, the company's latest Form 20-F has revealed.

Shale Titans Proving OPEC Right and More
Saturday, March 20, 2021Here are some of Rigzone's top upstream stories during the last week, just in case you missed them...

Pandemic Affects Oil Worker Mental Health
Friday, March 19, 2021The pandemic has had a significant impact on people's mental health in all walks of life, according to mental health charity Support in Mind Scotland.

Shell CEO Pay Almost Halves in 2020
Monday, March 15, 2021Royal Dutch Shell's (NYSE: RDS.A) chief executive officer, Ben van Beurden, saw his pay almost halve last year.

Shell Freezing Salaries for Majority of Staff
Thursday, February 11, 2021Royal Dutch Shell Plc will not raise salaries for most of its employees this year, according to people with knowledge of the matter.

MRO Shrinks CEO Pay and Cuts Emissions
Friday, January 29, 2021Marathon Oil Corp. took a rare step among independent shale explorers by cutting executive compensation and boosting anti-pollution targets.

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.