Statoil to Resume Production after Compulsory Arbitration
Statoil preparing to resume production at installations that have been affected by a strike, after the government decided to impose compulsory arbitration in the pay settlement for the Norwegian continental shelf. Norwegian Minister of Labour Hanne Bjurstrøm has informed the parties in the offshore pay settlement that the government will propose to Parliament that the conflict be resolved by compulsory arbitration. At the request of the Minister the parties are to resume work as soon as possible. The lockout that has been announced for the Norwegian continental shelf will therefore not come into force. On Thursday 5 July, the Norwegian Oil Industry Association (OLF) announced an impending lockout for all members of the unions Industry Energy (Industri Energi)…
OLF Lockout Means Statoil Production Shutdown
Statoil preparing to halt production after notice of lockout. Statoil is preparing to shut down production on the Norwegian continental shelf (NCS) following a notice of lockout. The Norwegian Oil Industry Association (OLF) announced today that a lockout will be imposed on all members of Industry Energy (Industri Energi), the Organisation of Energy Personnel (SAFE) and the Norwegian Organisation of Managers and Executives (Lederne) who are covered by the offshore pay agreements. The announced lockout will take effect on Monday 9 July at 24:00 hrs., and will halt all production on the NCS. For Statoil, the shortfall in production will be around 1.2 million barrels of oil equivalent per day.
Offshore Lockout to Shut Norwegian Oil Fields
The Norwegian Oil Industry Association (OLF) announced that a lockout will be imposed from 24.00 on Monday 28 June on all members of two unions covered by the offshore pay agreements. This move against the Federation of Oil Workers Trade Unions (OFS) and the Norwegian Association for Supervisors follows a deadlock in the strike which they initiated on 18 June. According to the OLF, a stoppage will lead to an almost complete shutdown of oil and gas production on the NCS. Statoil-operated fields stand to suffer a daily loss of some 1.4 million barrels of oil and condensate and roughly 150 million cubic metres of gas. The group itself will be losing roughly 585,000 barrels of oil and condensate and some 60 million cubic metres of gas per day from its own or partner-operated fields.