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2024-07-04 11:55:13 +0300

Norway oil offshore workers set to go on strike on Tuesday, cutting output

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Nasdaq
By Reuters

By Wednesday, a strike would cut the country's gas output by 292,000 barrels of oil equivalent per day, or 13% of output, NOG said on Sunday.

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Oil output would be cut by 130,000 barrels per day, the lobby added, corresponding to around 6.5% of Norway's production, according to a Reuters calculation.

As things stand now, it looks like there will be a strike, Lederne leader Audun Ingvartsen told Reuters.

The Norwegian government has said it was following the conflict closely. It can intervene to stop a strike if there are exceptional circumstances.

The strike, in which workers are demanding wage hikes to compensate for rising inflation, comes amid high oil and gas prices, with supplies of gas to Europe especially tight after Russian export cutbacks.

Members of the Lederne trade union, who represent senior workers, on Thursday voted down a proposed wage agreement that had been negotiated by companies and union leaders.

Norway's other oil and gas labour unions have accepted the wage deal and will not go on strike.

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