Despite Shell investor revolt, boss van Beurden still trousers £7.7 million pay packet

 Ben van Beurden
Ben van Beurden

More than 25% of Shell shareholders voted against chief executive Ben van Beurden’s £7.79 million pay packet for 2017 at its annual general meeting.

But this was not enough to stop the wage bill being approved.

During the same meeting Shell “won a vote of confidence in its approach to climate change” as 94% of shareholders voted against a resolution that would have obliged the oil giant to set firm targets for reducing its carbon emissions in line with the Paris climate deal.

 

Verum Solutions set to create five new oil IT jobs in Aberdeen

A Scots entrepreneur launched a new software tool for managing quality control and increasing visibility during the engineering, procurement and construction (EPC) phase of large oil and gas development projects globally.

Paul Milligan
Paul Milligan

Verum Solutions, led by Stirling-born Paul Milligan, has developed the cloud-based Qvis system at a cost of around £250,000.

The technology gathers and presents project data on a traffic light system of quality control (QC) leading indicators during the construction stage; allowing asset-holders to prevent future cost and schedule overruns.

Verum Solutions – which has offices in Glasgow and Monaco – expects to create up to five new jobs in Aberdeen by early 2019 and is exploring opening a dedicated office in the Granite City.

 

Young takes over as chief exec at Dundee oil engineering services contractor

Eddie Young
Eddie Young

GA Scotland – a Dundee-based offshore oil and gas engineering services supplier – has confirmed the appointment of Eddie Young as managing director.

With more than 35 years’ industry experience, Young’s key objective is to drive continued growth both in Tayside and further afield across multiple industry sectors.

Since he recently assumed the role of managing director, GA Scotland has secured new contracts worth more than £1.2 million to provide machine and coated parts to oil and gas clients in the drilling, downhole and subsea sectors.

Part of the Pryme Group, GA Scotland employs 50 people and recorded turnover of £3.8 million for its March 2018 year-end. The company is targeting an annual turnover of £5 million by 2019 and aims to recruit additional workers to help meet this objective.

24 May 2018

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