Norway negotiators work overtime to avert oil strike

Orron Energy AB

11/06/2022 23:01

OSLO, June 12 (Reuters) - Norwegian oil workers and their
employers have extended wage negotiations past a midnight
deadline in a bid to avert a strike that could cut the country's
crude production, industry representatives said on Sunday.
    Some 845 workers out of roughly 7,500 employees on offshore
platforms plan to strike if the annual pay negotiations fail,
trade unions Industri Energi, Safe and Lederne have said.
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    The Norwegian Oil and Gas Association (NOG), which
negotiates on behalf of oil firms, has said a strike "could
affect" output but declined to say by how much.
    Unions leaders have said that while oil production would
likely be hit by any strike action, workers would initially seek
to protect gas output due to the tight supply and high prices in
Europe.
    The deadline for the talks had originally been set to
midnight on Saturday (2200 GMT).

 (Reporting by Nerijus Adomaitis, editing by Terje Solsvik)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70))