OSLO: Wage talks between Norwegian oil firms and three labour unions ended in a deal on Wednesday, industry and union officials said, averting the risk of strike action later this year that could have hit supply.
Unions Lederne, Safe and IE&FLT came to an agreement with companies, industry group Offshore Norway said.
Norway produces around 4 million barrels of oil equivalent per day, almost equally divided between oil and natural gas.
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The Nordic country became Europe’s largest gas supplier after Russia cut its deliveries amid the war in Ukraine.
The wage agreements cover 7,300 workers at more than a dozen oil companies and suppliers, including Equinor, ConocoPhillips, Aker BP and Vaar Energi.
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