• 8 minutes U.S. Shale Oil Debt: Deep the Denial
  • 13 minutes WTI @ $75.75, headed for $64 - 67
  • 16 minutes Trump vs. MbS
  • 4 hours Knoema: Crude Oil Price Forecast: 2018, 2019 and Long Term to 2030
  • 12 hours Nuclear Pact/Cold War: Moscow Wants U.S. To Explain Planned Exit From Arms Treaty
  • 12 hours Why I Think Natural Gas is the Logical Future of Energy
  • 12 hours Merkel Aims To Ward Off Diesel Car Ban In Germany
  • 4 hours Get on Those Bicycles to Save the World
  • 11 hours A $2 Trillion Saudi Aramco IPO Keeps Getting Less Realistic
  • 8 hours Iraq war and Possible Lies
  • 1 day Satellite Moons to Replace Streetlamps?!
  • 1 day Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 1 day Can “Renewables” Dent the World’s need for Electricity?
  • 19 hours Long-Awaited Slowdown in China Exports Still Isn’t Happening
  • 6 hours EU to Splash Billions on Battery Factories
  • 22 hours Can the World Survive without Saudi Oil?
Forget Lithium, This Is The Next Big Thing In Energy

Forget Lithium, This Is The Next Big Thing In Energy

There’s a virtually unknown commodity…

BP CEO: $80 Oil Is Unhealthy For The World

BP CEO: $80 Oil Is Unhealthy For The World

BP Chief Executive Bob Dudley…

Schlumberger, Halliburton Hit By Wage Strike In Norway

Halliburton staff

Over 300 of Norway’s oil industry workers conducted a walk-out on Wednesday after wage negotiations failed to produce an acceptable outcome for the Industri Energi trade union, according to a new report by Reuters.

“We strike because the Norwegian Oil Industry Association did not show any willingness to meet us at our moderate demands,” Ommund Stokka, a local leader for the trade union said.

A handful of wells on the Norwegian continental shelf will be forced to stop drilling as a result of the worker shortage, according to the oil and gas companies operating in the area.

“Supplier companies have been particularly hard-hit by the decline in activity on the Norwegian continental shelf,” Jan Hodneland, lead negotiator at Norwegian Oil and Gas, said.

Government-appointed mediator Mats Wilhelm Ruland told reporters that the two sides have not come close to an agreement so far, though not for a lack of trying. The last round of talks lasted four hours longer than scheduled.

"They were too far apart," Ruland said in a statement.

Industri Energi represents 6,500 workers employed by 30 different companies. The union says it will escalate the strikes if an agreeable solution is not found in the near future.

Wednesday’s strike included 335 employees of Schlumberger, Halliburton, Baker Hughes, Oceaneering and Oceaneering Asset Integrity.

A rise in wages and benefits would put pressure on oil companies’ already strained budgets due to the ongoing oil price crisis. Keeping wages at the current level would prevent further job losses, oil majors argue.

NOGA negotiated on behalf of oil companies, insisting that the union had proposed unreasonable wage increases during the previous round of dialogue.

"A conflict won't immediately affect the output of oil and gas from Norway's continental shelf, but may do so if the conflict escalates," the association added.

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