BP appoints former Statoil and BG Group chief as chairman

Helge Lund headed BG Group between 2015 and 2016 when it was taken over by Shell

BG Group trims new CEO pay packet

Gas exploration firm BG Group is trimming the pay of its new boss after shareholder concerns it was too high. The “revised” pay packet means former Statoil CEO Helge Lund will get £4.7 million instead of £10 million as a warm welcome to the British firm. That’s on top of a base salary of £1.5 million […]

New major oil discovery in the Barents Sea

Norwegian energy company, Statoil, has made a major oil discovery in the Havis prospect in the Barents Sea. This is reported to be the second high-impact discovery in nine months following its earlier Skrugard find. According to Statoil, the Havis prospect may hold recoverable oil equivalent of up to 200 to 300 million barrels. This […]