Oil & Gas

Ineos: Of course our finances are strained

Ineos E&P Denmark continually focuses on reviewing costs as the oil crisis develops, says CEO Sebastian Koks Andreassen. He remains confident in the plan for the long-awaited Hejre discovery.

Aker BP will announce redundancies after Easter

Following the announcement that investments will be reduced, employees at Aker BP will be informed how many must leave the company due to lower activity, among other things. This will happen after Easter, and suppliers will also be hit.

Aker Solutions CEO saw major pay cut in 2019

After going through an already strained period, oil service firm Aker Solutions has seen a significant downturn in economic activity since the coronavirus broke out, as is evident in the annual report, which also reveals a major pay cut for CEO Luis Araujo.

Haldor Topsøe aims to cut flaring with new plant

The Danish chemical company will supply technology to a coming facility in Arizona that will convert natural gas into gasoline. The concept can be used for, among other applications, reducing flaring within the oil and gas industry.

Wärtsilä testing ammonia in ship engines

Wärtsilä has started taking a closer look at ammonia as a potential solution to the maritime industry's climate troubles. From 2022, shipping companies will be incorporated into trials at sea.

Wintershall Dea continues development of Ravn field

Heavy downgrades don't affect the German gas giant's development plans in Denmark, where a major find is planned to be worked into the development of the Ravn field. The company is also preparing to drill a new well in the North Sea.

Norwegian oil boss took small pay cut in 2019

Equinor's CEO, Eldar Sætre, was paid USD 1.74 million for his work last year, a slight decrease compared to the year before, reveals the company's new annual report, published at a time when the oil industry is crumbling around the Norwegian major.

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