Oil giant BP announced last night that is to freeze pay across the group this year in a bid to cut costs after wholesale prices for its benchmark Brent crude oil from the North Sea dived by more than 50% since last summer. Crude oil prices continue to float at below $50-barrel.
Salaries in the oil sector are a major part of operating expenses. BP employed 83,900 employees in 2013 and paid them around $13.6 billion in benefits, including wages and pensions, according to the company’s website.
Bob Dudley, Chief Executive, BP, said: “The tougher external environment in 2015 means that our businesses and functions need to work to take a number of measures in response to the harsh trading environment.
In December, BP announced a $1 billion programme to cut thousands of jobs globally and last month cut 300 jobs in Aberdeen from its UK North Sea operations.
Top performance down under for Ennsub
Aberdeen-based subsea products and equipment manufacturer Ennsub has successfully completed the design, manufacture, testing and installation of bespoke sealing systems for the Wheatstone Liquefied Natural Gas (LNG) platform off the coast of Australia.
Following an intensive factory test programme which simulated the offshore conditions, four Ennsub engineers were sent to Australia to perform the installation of the 128-off bespoke sealing systems.
Ennsub recently opened a new production facility and office in Teesside, adjacent to the area’s supply chain and with access to a large skilled workforce.
- iSURVEY – which provides survey and positioning services to the oil, gas and offshore renewables sectors – has appointed Iain Milroy to the newly-created post of business development manager at its Aberdeen office. Global clients, include Statoil, Maersk, ExxonMobil and Nexen.