Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

UPDATE 1-Norwegian oil workers agree pay deal, averting strike

Tue, 04th Jun 2019 03:23

OSLO, June 4 (Reuters) - Norwegian oil workers struck a wagedeal with employers on Tuesday, averting the outbreak of astrike that would have cut production by 440,000 barrels of oilequivalents per day (boed), the Norwegian Oil and GasAssociation (NOG) announced.

Altogether nine offshore fields had been at risk of ashutdown in case of a strike, the industry group announced aheadof the negotiations.

An outage would have corresponded to about 11% of the dailyoutput from Western Europe's largest producer of petroleum.

Workers will on average get a 3.2 percent increase in pay,in line with what's earlier been obtained by two other labourunions, NOG said.

The Lederne union said however that it expected its membersto obtain further gains in upcoming talks with their respectivecompanies, while confirming that the threat of a strike had beenaverted.

The union had planned to strike at Neptune Energy's Gjoeafield, Okea's Draugen, Aker BP's Ivar Aasen andEquinor's Kristin, Oseberg East and Gudrun fields.

In addition production would have had to shut at Equinor'sTyrihans, as well as at the Maria and Vega fields, both operatedby Wintershall DEA.(Reporting by Terje Solsvik and Nerijus Adomaitis, editing byGwladys Fouche)

Related Shares

More News
Today 12:02

LONDON MARKET MIDDAY: FTSE 100 shines but "mixed feelings" after Fed

(Alliance News) - London's FTSE 100 was solidly higher on Thursday, outperforming European peers, as earnings from the likes of Shell and Standard Cha...

1 May 2024 18:30

Sector movers: Oil, Autos drag on FTSE 350

(Sharecast News) - Weakness in the oil patch and among select cyclicals dragged on the FTSE 350 in the middle of the week.

30 Apr 2024 14:38

UK earnings, trading statements calendar - next 7 days

29 Apr 2024 14:21

Norway's wealth fund falls short on climate ambitions, NGO says

OSLO, April 29 (Reuters) - Norway's $1.6 trillion sovereign wealth fund, the world's largest, is falling short on its climate ambitions by failing t...

24 Apr 2024 19:30

Trans Mountain oil shippers raise concerns about risk of delay to full service

April 23 (Reuters) - Some shippers on Canada's Trans Mountain expansion project are raising concerns that the long-delayed oil pipeline will not be ...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.