Norway Extends Offshore Wage Talks, No Strike for Now

According to a June 16 report from Reuters, offshore energy workers and employers in Norway agreed to continue talks on wages past a midnight deadline, the state arbitrator said on Wednesday, June 16, raising hopes that a strike in the North Sea may be averted. Fears that a strike could lead to reduced supplies from Norway -- Europe's second biggest gas producer -- have created waves in the UK gas market, but many believe the Norwegian government would step in to avert any major supply disruptions.

(Source: Reuters)