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Last Trade - 16/04/19

Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £104.4m
Position in Universe th / 1829

Norway oil rig workers in wage deal, preventing strike

Fri 28th June, 2019 3:06am
OSLO, June 28 (Reuters) - Norwegian labour unions and oil
rig owners agreed a wage deal on Friday, averting the outbreak
of a strike that would have halted some of the Nordic country's
crude production and paralysed exploration activity for new
resources, the unions said.
    The deal between the Norwegian Shipowners' Association and
the Industri Energi and Safe labour unions was brokered by a
state-appointed mediator.
    Almost 1,600 workers had been scheduled to go on strike if
the talks broke down.
    Companies drilling on behalf of oil firms in Norwegian
waters include Transocean  RIG.N , Dolphin Drilling  DDASA.OL ,
Odfjell Drilling  ODLL.OL , Rowan Companies  RDC.N , Maersk
Drilling  DRLCO.CO  and Seadrill  SDRL.OL .
    Oil companies, including Equinor  EQNR.OL , Eni  ENI.MI ,
Aker BP  AKERBP.OL , Shell  RDSa.L  and Lundin Petroleum
 LUPE.ST  were among the firms that could have been hit,
directly or indirectly, by a strike.

 (Reporting by Terje Solsvik, editing by Gwladys Fouche)
 ((; +47 918 666 70; Reuters
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