• 7 minutes Get First Access To The Oilprice App!
  • 11 minutes Japanese Refiners Load First Iran Oil Cargo Since U.S. Sanctions
  • 13 minutes Oil prices forecast
  • 17 minutes Renewables in US Set for Fast Growth
  • 7 hours Chinese FDI in U.S. Drops 90%: America's Clueless Tech Entrepreneurs
  • 4 hours Socialists want to exorcise the O&G demon by 2030
  • 4 mins Russian Message: Oil Price War With U.S. Would Be Too Costly
  • 10 hours Good Marriage And Bad Divorce: Germany's Merkel Wants Britain and EU To Divorce On Good Terms
  • 22 hours Cheermongering about O&G in 2019
  • 2 days Is Natural Gas Renewable? I say yes it is.
  • 1 day Duterte's New Madness: Philippine Senators Oppose President's Push To Lower Criminal Age To 9
  • 14 hours *Happy Dance* ... U.S. Shale Oil Slowdown
  • 2 days Making Fun of EV Owners: ICE-ing Trend?
  • 2 days North Sea Rocks Could Store Months Of Renewable Energy
  • 6 hours Oil CEOs See Market Rebalancing as Outlook Blurred by China Risk
  • 2 days Emissions from wear of brakes and tyres likely to be higher in supposedly clean vehicles, experts warn
  • 4 hours WSJ: Gun Ownership on Rise in Europe After Terror Attacks, Sexual Assaults
Solar Investment Plunges Amid Panel Glut

Solar Investment Plunges Amid Panel Glut

An oversupply of solar panels…

U.S. Oil Outlook Slammed By Lower Prices

U.S. Oil Outlook Slammed By Lower Prices

The outlook for U.S. oil…

Zainab Calcuttawala

Zainab Calcuttawala

Zainab Calcuttawala is an American journalist based in Morocco. She completed her undergraduate coursework at the University of Texas at Austin (Hook’em) and reports on…

More Info

Exxon Labor Negotiations Fall Apart, Threaten Nigerian Oil Production

Lagos

Talks between Exxon officials in Nigeria and the fossil fuel sector’s labor union have failed to produce a mutually agreeable solution, according to a labor official who spoke to Bloomberg on Friday.

The meeting broke down, and as of this morning our action has been escalated,” Gbenga Ekundayo of the Petroleum and Natural Gas Senior Staff Association of Nigeria, or Pengassan, said over the phone from the capital of Lagos. “Our people in the field have started withdrawing their services, which will automatically translate to production loss. We are pulling out completely.”

The protests began eleven days ago, and their escalating nature prompted the formation of an arbitration panel to resolve the dispute regarding the wrongful termination of 83 unionized workers in December.

Previous protests have had little effect on Nigerian oil production, but Cheta Nwanze at Lagos’ SBM Intelligence, said the union had “now reached a breaking point” and that the demonstrations would begin having an impact on production “in the coming days.”

Earlier this week, it seemed the parties had made progress on resolving the issue, but negotiations broke down as they drafted an agreement.

“We respect the rights of our workforce and will continue to engage with them to resolve this situation, but remain committed to the safety of our personnel and security of our facilities,” Exxon spokesman Todd Spitler said in an emailed statement.

In previous statements, Pengassan has said the group seeks financial compensation for the workers who lost their job.

"We want them to be brought back and if that is not possible we want a proper severance package for them," said Abel Agarin, the union’s leader. Agarin led around 50 protesters in a demonstration in the commercial capital last week, but strikes have occurred in Lagos, Bonny, Akwa Ibom, and Port Harcourt.

By Zainab Calcuttawala for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News