Norway Oil Strike Averted

June 26, 2014

Norwegian labour union SAFE has agreed a wage deal with offshore oil producers, it said on Thursday, averting a strike at several ExxonMobil Corp fields which would have cut output.

"There will be no strike among SAFE's members (working) on the continental shelf," union leader Hilde-Marit Rysst said in a statement.

The deal had already been approved by other unions but SAFE had held out, requesting time to consider the proposal.

A strike would have cut output by about 50,000 barrels of oil per day.

SAFE said a disagreement over pensions at some companies had been resolved in local negotiations and it believed the overall deal it had reached with oil companies was the best it could realistically achieve.

(Reporting by Balazs Koranyi; Editing by Terje Solsvik and David Holmes)
 

Logistics News

Port of Brownsville Welcomes Local, Industry Leaders at State Address

Port of Brownsville Welcomes Local, Industry Leaders at State Address

US Sanctions Cuban State Oil Company

US Sanctions Cuban State Oil Company

Los Angeles Adopts $3.4 Billion Port Budget

Los Angeles Adopts $3.4 Billion Port Budget

Spiridon II Livestock Transport Organizer Due in Court

Spiridon II Livestock Transport Organizer Due in Court

Subscribe for Maritime Logistics Professional E‑News

Channel Tunnel owner threatens to take legal action against UK for tax hike
Pope's return from Spain delayed due to technical issues with the plane
Hamburg Airport: Delays and cancellations after evacuation due to security concerns