Oil Workers Strike Ends in Norway After an Agreement With Companies Over Wages

Negotiators from the oil companies and trade unions in Norway Friday, October 9th, said that officials from the two parties have concluded an agreement on wages, thus ending a strike that had threatened to cut the country’s production of oil and gas by nearly 25% next week.

Last Monday saw the closure of six offshore fields, and seven more were scheduled to be closed in the following days, as oil and gas production losses would have increased to 966,000 barrels of oil equivalent by October 14, according to sector sources.