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Shell’s Steve Phimister appointed to Oil & Gas UK Board

by – 26/04/2017 3:42 pm

Steve Phimister, who also oversaw the £3billion sale of assets to Chrysaor earlier this year, takes up the position as he enters his new role as vice president of Shell’s UK & Ireland upstream business unit.

Phimister will be taking the place of his Shell upstream predecessor Paul Goodfellow on Oil & Gas UK’s board of directors with immediate effect.

“The Maximising Economic Recovery Strategy and the steps we have taken as an industry to improve efficiency are bearing fruit

“I look forward to shaping the next steps with industry partners as we seek to become a globally competitive basin.”

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Shell hit with prohibition notice on Brent Charlie

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The Health and Safety Executive (HSE) said Shell had failed to put appropriate controls in place to protect workers from dangerous gases in one of the platform’s legs.

HSE said the company had identified the risks of exposure to hydrogen sulphide and hydrocarbon gas while accessing the column C1 leg.

But Shell did not adequately describe how control measures would be “organised, controlled, monitored or reviewed”, according to HSE.

The prohibition notice was served early in February.

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Union boss hits out over Shell boss’s bumper pay deal

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The huge increase was revealed in the Anglo-Dutch energy giant’s latest annual report, published yesterday.

Mr van Beurden, who took over as chief executive at the start of 2014, received a £9million-plus boost to his pension in his first year – taking total remuneration to £19.5million – followed by a pay package worth about £4million in 2015.

The big payouts coincide with a severe downturn in the oil and gas industry. Shell has already shed more than 1,000 jobs in its North Sea operations alone.

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BP slashes CEO Bob Dudley’s pay packet by 40%

Written by Alan Shields – 06/04/2017 11:55 am

The 40% reduction, revealed today in the supermajor’s 2016 annual report, comes after a number of cost-cutting changes, including a 25 per cent reduction in bonuses handed out for hitting targets.

Dudley’s maximum payout under the firm’s long-term incentive plan is to drop from a seven times to five times his basic annual salary of $1.9million.

Last year, around 59% of shareholders opposed Dudley’s $19.4 million pay and benefits package, including his pension.

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