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Norwegian Oil Firms Agree Wage Deal

NATGAS

Norwegian oil firms agreed a wage deal with workers on Wednesday that will avert strike action later this year - which could have impacted Europe’s biggest gas supplier.

  • Norway became Europe's top gas supplier after Russia cut its deliveries during the Ukraine war fallout.
  • The agreements cover 7,300 workers at more than a dozen oil companies and suppliers.
  • An industry strike in 2020 impacted 330,000 boepd or 8% of overall production.

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