Norwegian oil and gas workers start strike, cutting output

Jean J. Sanders

OSLO, July 5 (Reuters) – Norwegian offshore staff on Tuesday began a strike that will minimize oil and fuel output, the union main the industrial action informed Reuters.

The strike, in which staff are demanding wage hikes to compensate for mounting inflation, will come amid high oil and fuel prices, with supplies of purely natural gasoline to Europe specially limited right after Russian export cutbacks.

“The strike has started,” Audun Ingvartsen, the leader of the Lederne trade union mentioned in an interview.

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The Norwegian authorities has claimed it was pursuing the conflict “closely”. It can intervene to end a strike if there are exceptional conditions.

On Tuesday, oil and gas output will be decreased by 89,000 barrels of oil equal for every day (boepd), of which gas output can make up 27,500 boepd, Equinor (EQNR.OL) has claimed.

On Wednesday, the strike will deepen the slash to the country’s fuel output to a full of 292,000 barrels of oil equal per working day, or 13% of output, NOG reported on Sunday. go through more

Oil output will from Wednesday be reduce by 130,000 barrels for every day, the foyer had claimed, corresponding to all around 6.5% of Norway’s manufacturing, according to a Reuters calculation.

A additional planned escalation by Saturday could see shut to a quarter of Norway’s gasoline output shut, as well as close to 15% of its oil creation, according to a Reuters calculation.

It is eventually the operator’s – Equinor’s – choice to shut output. Equinor was not promptly offered to remark on the last announced escalation.


Industrial action started at midnight community time (2200 GMT) at three fields – Gudrun, Oseberg South and Oseberg East – and will extend to a few other fields – Kristin, Heidrun and Aasta Hansteen – from midnight on Wednesday.

A seventh industry, Tyrihans, will also have to shut on Wednesday since its output is processed from Kristin.

By July 9, Sleipner, Gullfaks A and Gullfaks C would very likely end producing as Lederne associates are senior employers deemed important to operations, with potential ripple outcomes on other fields which pump their product by way of people fields.

If they did, it could lower the output of crude and other oil liquids by yet another 160,000 boepd and pure gas output by shut to 230,000 boepd, according to a Reuters calculation.

Members of the Lederne trade union on Thursday voted down a proposed wage agreement that experienced been negotiated by corporations and union leaders. read through more

Norway’s other oil and gasoline labour unions have accepted the wage offer and will not go on strike.

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Reporting by Gwladys Fouche and Nora Buli, modifying by Terje Solsvik

Our Criteria: The Thomson Reuters Believe in Concepts.

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