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Norway energy industry in wage bargain, averting oil, gas outages | Hellenic Shipping News Worldwide

Norway energy industry in wage bargain, averting oil, gas outages | Hellenic Shipping News Worldwide
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Norway energy industry in wage bargain, averting oil, gas outages

UPDATE 1-Norway energy industry in wage bargain, averting oil, gas outages

Norway's oil industry employers struck a wage bargain with the Safe labour union on Tuesday, preventing a strike at the Mongstad crude terminal and shutdowns of major offshore oil and gas fields, Safe told Reuters.

Norway s Jan gas output exceeds official forecast, crude oil in line

By Reuters Staff 1 Min Read OSLO, Feb 16 (Reuters) - Norway’s preliminary natural gas output exceeded official forecasts, while oil production was in line with expectations, data from the Norwegian Petroleum Directorate (NPD) showed on Tuesday. Crude oil output slipped 0.6% from December to 1.8 million barrels per day (bpd) in January, but was 9.1% more than in the same month a year ago. The Equinor-operated Johan Sverdrup oilfield has ramped up its output throughout 2020 to 500,000 barrels of oil equivalent per day in December, despite nationwide production cuts, which expired at end-2020. The daily output of natural gas in January was at 335 million cubic metres, exceeding the NPD’s forecast by 4.1%, but broadly in line compared with the same month a year ago. (Reporting by Nerijus Adomaitis, editing by Gwladys Fouche)

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