A Norwegian oil-workers union said it’s ready to go on strike over pensions in a move that threatens to cut oil production from Exxon Mobil Corp.’s platforms in the North Sea by more than 60,000 barrels a day.
Norwegian oil workers and employers will start mediation talks tomorrow to bridge differences and avoid a strike that threatens to halt about 115,000 barrels of oil a day from fields operated by Exxon Mobil Corp., GDF Suez and Statoil ASA.
Oil and gas companies operating in Norway, western Europe’s biggest producer, predict investments will plunge 21 percent next year amid rising costs and increased political interference over offshore developments.
Norway’s government and the opposition reached a compromise to start electrification of three North Sea oil fields by 2022, a plan they say will avoid a delayed start to the country’s biggest offshore find in decades.
Norwegian onshore oil workers became the latest in the industry to break off pay negotiations with employers, increasing the risk of a strike two years after western Europe’s biggest producer suffered its longest walkout.
Activists from environmental group Greenpeace boarded a Statoil ASA rig en route to drill Norway’s northernmost exploration well in the Barents Sea, saying it’s too close to the polar ice cap and a key nature reserve.
Plans to force the owners of Norway’s biggest oil discovery in decades to power three other offshore fields from land in order to reduce carbon emissions threaten investment in the industry, the government said.
Oil and gas companies can expect little help from Norway on tackling surging costs as the government of western Europe’s biggest crude producer tones down plans for measures that producers hope will boost earnings.