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    Home > Finance > Norway oil drilling workers agree wage deal, averting strike
    Finance

    Norway oil drilling workers agree wage deal, averting strike

    Published by Global Banking & Finance Review®

    Posted on June 20, 2025

    1 min read

    Last updated: January 23, 2026

    Norway oil drilling workers agree wage deal, averting strike - Finance news and analysis from Global Banking & Finance Review
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    Tags:oil and gas

    Quick Summary

    Norwegian labor unions and companies reached a wage agreement, preventing a strike at offshore oil rigs, ensuring uninterrupted exploration.

    Norwegian Oil Workers Reach Wage Agreement, Preventing Strike

    OSLO (Reuters) -Norwegian labour unions have agreed to a wage deal, averting a strike at floating offshore oil and gas drilling rigs that would have disrupted exploration, unions and company representatives said on Friday evening.

    Unions had said that 438 workers on three rigs were prepared to strike initially if the talks failed, but no immediate disruption to oil and gas production was expected.

    (Reporting by Nerijus Adomaitis; editing by Terje Solsvik and Leslie Adler)

    Key Takeaways

    • •Norwegian labor unions reached a wage agreement.
    • •A potential strike at offshore rigs was averted.
    • •438 workers were prepared to strike if talks failed.
    • •No immediate disruption to oil and gas production was expected.
    • •The agreement was announced on Friday evening.

    Frequently Asked Questions about Norway oil drilling workers agree wage deal, averting strike

    1What was the outcome of the negotiations between unions and companies?

    Norwegian labour unions reached a wage deal, successfully averting a strike at floating offshore oil and gas drilling rigs.

    2How many workers were prepared to strike if negotiations failed?

    A total of 438 workers on three rigs were ready to strike if the talks did not succeed.

    3Was any disruption to oil and gas production expected?

    No immediate disruption to oil and gas production was anticipated despite the potential strike.

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