Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Most Norwegian oil workers agree wage deal, mediation for rest

Published 24/05/2017, 10:55
© Reuters.  Most Norwegian oil workers agree wage deal, mediation for rest
SHEL
-
EQNR
-
TTEF
-
CNA
-
XOM
-
NG
-
AKRBP
-

OSLO (Reuters) - Energy firms operating offshore Norway on Wednesday agreed wage deals for 2017 with the two largest trade unions representing oil and gas workers, while talks with a smaller union will continue at a later stage under mandatory mediation rules.

Industri Energi and Safe, representing some 87 percent of Norwegian oil workers, said the outcome of the talks was disappointing, but added they had nevertheless accepted it as they did not have the right to go on strike this year due to a clause in last year's agreement.

Lederne, a third union representing some 13 percent of Norwegian oil and gas workers or about 1,000 people, does have the right to go on strike, and said it had rejected the oil firms' offer.

Under Norwegian law, the talks involving Lederne will now proceed to a state mediator, which must be conducted before any strike is allowed.

Norway is western Europe's top oil and gas producer with daily output in April of around 2.1 million barrels of oil, condensate and natural gas liquids, as well as natural gas corresponding to about 1.7 million barrels of oil equivalent.

Top operators offshore Norway include, among others, Statoil (OL:STL), Aker BP (OL:AKERBP), Total (PA:TOTF), Exxon Mobil (N:XOM), Shell (L:RDSa) and Centrica (L:CNA).

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.