Search results for: pay

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  • 22 June 2016
    Exploration & Production

    A looming offshore rig workers’ strike in Norway has been averted as the employers and the workers have reached a settlement on wages through mediation. To remind, the SAFE union had threatened its workers aboard rigs “Rowan Viking” and “Rowan Gorilla” would go on a strike should the mediation fail. However, the strike has been […]

  • 16 June 2016

    After the employers and offshore supply bases workers in Norway failed to reach a collective pay deal in Norway last month, it was decided that the solutions would be sought after through mediation.  About 800 employees are covered by the land base settlement, which is subject to this mediation on Thursday and Friday this week. They work […]

  • 20 May 2016

    Collective pay talks held over the past three days in Norway, between the oil companies and the land base workers serving the offshore sector have collapsed. The Norwegian Oil Industry Association, representing the employers, said that the talks on collective pay deals with the Norwegian Union of Industry and Energy Workers (Industry Energy) and Parat on […]

  • 20 September 2016

    Mediation between the Norwegian Oil and Gas Association and the Norwegian Union of Industry and Energy Workers (Industry Energy) over the collective oil service agreement is taking place today. The deadline is 24.00 tonight. If the agreement is not reached the union’s workers might down their tools. Jan Hodneland, lead negotiator at Norwegian Oil and Gas: “Supplier […]

  • 8 June 2016

    Another round of oil and gas industry collective pay talks in Norway, and another breakdown. The fourth, and final round of collective pay talks held this week between employers and workers employed in the oilfield services sector have hit a standstill. Namely, the Norwegian Union of Energy Workers (Safe) has reportedly opted to break off […]

  • 7 June 2016

    Oil and gas industry pay talks in Norway continue this week. This week’s negotiations are being held on the oil service sector pay settlement, which covers some 6,000 employees at various companies in this sector. “The parties have submitted their demands today and, given the position facing the industry, we believe the talks will be demanding,” […]

  • 8 July 2016

    The Norwegian Union of Industry and Energy Workers (Industri Energi) has notified the Norwegian Oil and Gas Association that it is breaking off negotiations on pay and conditions under the oil service agreement. To remind, Industri Energi opted to postpone negotiations scheduled for early June until after the offshore settlement had been agreed. Norwegian Oil […]

  • 20 June 2016

    Norwegian oil and gas employers have reached a collective wages settlement with workers employed in offshore supply bases, thus avoiding a strike. To remind, the talks had broken down between the parties, and then went to national mediation. The mediation between the Norwegian Oil and Gas and the Norwegian Union of Industry and Energy Workers (Industry […]

  • 6 July 2016
    Business & Finance

    A mediation process starts Wednesday between the Norwegian Oil and Gas Association and the Norwegian Union of Energy Workers (Safe) over the well service pay agreement. The deadline expires at midnight. “Many of the supplies companies are experiencing very demanding times because of the reduction in activity,” observes Jan Hodneland, lead negotiator for Norwegian Oil and […]

  • 4 May 2020
    Business & Finance

    Oceaneering board has approved voluntary base salary reductions of the executive management and other members of senior management. Effective 1 May, the company’s CEO Roderick A. Larson agreed to base salary reduction of 15 per cent. Base salaries for executive level, including the executive leadership and senior vice presidents, will be reduced by 10 per […]

  • 27 December 2013
    Business & Finance

    The Federal Maritime Commission (FMC) announced compromise agreements reached with two common carriers operating pure car carriers (PCCs) and roll on/roll off (RO/RO) vessels in U.S. inbound and outbound trades. Under these separate agreements, Kawasaki Kisen Kaisha Ltd. (K Line), paid $1,100,000 in civil penalties and Nippon Yusen Kaisha (NYK Line), paid $1,225,000 in penalties. […]

  • 18 July 2019

    Instead of paying up-front, asset owner will be able to pay a monthly fee.

  • 21 August 2013
    Business & Finance

    Directors of the Engineering Club and the Regional Engineering, Architecture and Agronomy Board for the State of Rio de Janeiro visited the Industrial Complex of Açu Superport on Tuesday (13), which is being built in São João da Barra (RJ). Consisting of 13 engineers, the group saw the works’ progress, up close and could see […]

  • 1 September 2014

    Jasper unable to pay for floatel, may be forced to sell drillship

  • 21 October 2016
    Business & Finance

    The European Economic and Social Committee (EESC) adopted an own initiative opinion that calls on the European Commission to introduce an incentive that will “eliminate the abuses of irresponsible ship dismantling through a system which creates added value in an end-of-life ship.” SEA Europe, IndustriAll Europe and the NGO Shipbreaking Platform have joined the EESC […]

  • 26 July 2019
    Business & Finance

    The Japanese shipping giant has formed a JV with Philippines’ TDG for the undertaking.

  • 20 December 2013

    Statoil sad today it would not not to accept a fine of NOK 10 million imposed by the public prosecutor for Rogaland county on 18 October 2013, in connection with leakage from an injection well on the North Sea Veslefrikk field in the period 2002–2009. The company says that the fine is based on an […]

  • 27 January 2017
    Exploration & Production

    With over 70 ultra deepwater floating rigs stacked and waiting for contracts and over 20 newbuilds sitting virtually complete at shipyards under deferred delivery agreements, offshore rig reactivation risk stands in the way of market recovery, writes David Carter Shinn, a partner at Bassoe Offshore, a Norwegian rig brokerage agency.   By David Carter Shinn The […]

  • 21 August 2012

    In settlement papers filed in federal district court, three companies have agreed to pay about $29.8 million in cleanup costs for a Superfund site in Fairmont, Marion County, W. Va., the U.S. Environmental Protection Agency (EPA) announced yesterday. The three companies, Exxon Mobil Corp., Vertellus Specialties Inc., and CBS Corp, will perform cleanup work and […]

  • 10 December 2014
    Business & Finance

    Offshore drilling contractor Noble Corporation said on Monday that it had reached a final settlement with the US Department of Justice (DOJ), concluding a two-year investigation into the company’s operations and systems aboard the drillship Noble Discoverer. The settlement agreement also covers certain record keeping issues related to the Kulluk drilling rig, which was previously […]

  • 7 April 2020
    Business & Finance

    Nexans CEO, members of the board of directors, and management are to take voluntary pay cut as a sign of solidarity and social cohesion, but also to award its frontline employees. Christopher Guérin, CEO of Nexans, has committed to reducing his compensation by 30 per cent for the months of April and May 2020. The […]

  • 19 November 2013

    Norway’s Statoil has decided to accept the NOK 10 million (USD 1.6 million) fine imposed on the company for sending 180 cubic metres of wash water with chemicals and scale stored on board the Oseberg C platform with the oil flow to Sture by mistake in May 2011. Wash water is defined as hazardous waste, […]