Strike ends in Norway's oil and gas fields
Wednesday 11 July 2012
Norway restarted some key oil and gas fields yesterday, after the government intervened and ordered an end to a strike by offshore workers, who are still unhappy about pensions and retirement issues but are now unable to repeat the action legally for at least two more years.
The strike choked off some 13 per cent of Norway's oil production and pushed oil above $100 per barrel on fears of a full loss of supply from the world's eighth-largest exporter.
The move, which sees the state take over negotiations and forcibly settle the dispute, helped ease supply fears, with Brent crude falling back to $99.03 a barrel.
The employers threatened a shutdown of the entire Norwegian continental shelf, putting pressure on the government to intervene.
- 3 Daily Show's Jon Stewart destroys Fox News for its Ferguson coverage
Ashya King missing: Police hunt five-year-old boy with brain tumour snatched from Southampton hospital by his parents
Keira Knightley topless: Usually conservative actress does own take on #Freethenipple campaign for Interview Magazine
YouTube video posted by Isis militants shows 'execution of 250 Syrian soldiers'
Botched ice bucket challenge leaves man critically injured after plane drops hundreds of gallons of water
Papua New Guinea Mount Tavurvur volcano eruption sees international flights diverted
Exclusive: We share blame for creating 'jihad generation', says Muslim strategist
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
Do you realise just how foolish the UK looks?
Ukip Douglas Carswell defection: Tory MP jumps ship to join Nigel Farage
- < Previous
- Next >
iJobs Money & Business
£450 - £500 per day: Orgtel: SAS Business Analyst, London, Banking, Credit Ris...
£32000 - £38000 Per Annum Bonus, Life Insurance + Other Benefits: Clearwater P...
£200 - £250 per day + competitive: Orgtel: KYC Analyst, Key Banking Client, Bi...
£400 - £500 per day: Orgtel: Test Manager - Banking - West Yorkshire - £400-£5...