Norway's government said on Tuesday it was referring a dispute between oil and gas workers and employers to an independent body after an industry group warned
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GERMANY
<strong>Orders rebound fractionally</strong>
Industrial orders in May climbed fractionally after falling for three consecutive months as a result of the economic fallout from Russia’s war in Ukraine, official data showed yesterday. New orders — which usually provide a foretaste of industrial output — rose 0.1 percent from the previous month, the federal statistics agency Destatis calculated. The previous month’s reading was revised to show a drop of 1.8 percent. On an annual basis, incoming orders in May were down 3.1 percent from the previous year.
NORWAY
<strong>Oil worker strike set to end</strong>
A strike by oil workers that threatened to have wider ramifications for
The Norwegian government has decided to step into the dispute between the oil and gas workers and employers and they have referred it to an independent board. The decision was taken after they were warned that the ongoing strikes could cut down the gas exports in the country by more than half. Three fields were shut due to the ongoing worker strike and the union even warned that more workers will be going on strike next week.
Norwegian energy giant Equinor said on Wednesday that production at three oil and gas fields had resumed after the government intervened to stop a strike that t
Norway’s government late Tuesday intervened to bring an end to an oil and gas strike that threatened to exacerbate the region’s deepening energy crisis.