Environment & Energy

eppur_se_muova

(36,281 posts) Mon Jul 9, 2012, 11:05 AM Jul 2012

Norway faces oil output shutdown as pension talks fail (BBC)

Oil and gas production in Norway will be shut down from Tuesday because of a dispute over pensions, a government minister has confirmed.

Energy companies announced they would lock out workers from late on Monday after talks to try to end the fortnight-old strike broke down for a third time.

The industry had hoped the move would force the government to use its emergency powers to end the strikes.

Oil prices rose on the news.

In London, Brent crude rose back above $99 after rising more than $1.
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more: http://www.bbc.co.uk/news/business-18767000

Gee, it's good nothing like this could ever happen in the US.

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Norway faces oil output shutdown as pension talks fail (BBC) (Original Post) eppur_se_muova Jul 2012 OP

UPDATE: Norway government ends oil and gas strike (BBC) eppur_se_muova Jul 2012 #1

eppur_se_muova

(36,281 posts)

1. UPDATE: Norway government ends oil and gas strike (BBC)

Reply to eppur_se_muova (Original post)

Tue Jul 10, 2012, 11:11 AM

Jul 2012

Norway's government has used emergency powers to step in and force offshore oil and gas workers back to work, ending a 16-day strike.

Production was due to be shut down from Tuesday with companies set to lock out workers in a dispute over pensions.

"I had to make this decision to protect Norway's vital interests," Labour Minister Hanne Bjurstroem told Reuters.

She was speaking after a last-ditch effort was made to end the row between energy companies and trade unions.

The intervention means that the National Wages Board will facilitate "forced abritration" to end the row over retirement rights. It is unclear how long this process will take.
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more: http://www.bbc.co.uk/news/business-18767000

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