Exxon’s Norway production threatened as union prepares to strike


Norway's Safe oil workers union says it is ready to go on strike over pensions after an Oslo court rules that a strike notice is legal; such a strike would cut oil production from Exxon Mobil’s (XOM +0.4%) platforms in the North Sea by more than 60K bbl/day.

The union says it will decide on a public mediator’s proposal endorsed by employers by a June 27 deadline, but that it “is not good enough.”

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Comments (3)
  • User 353732
    , contributor
    Comments (5166) | Send Message
     
    If Norway ,via taxation and extortion by labor, drives away foreign risk capital in offshore E&P it will be condemning itself to declining production and revenues and compressing national wealth creation. Norway is starting to behave like Nigeria.
    23 Jun 2014, 12:34 PM Reply Like
  • Veritas1010
    , contributor
    Comments (3340) | Send Message
     
    Well spoken User 353732.

     

    Scandinavian firms have many strengths in general, unfortunately societal common sense rooted in entrepreneurial freedom isn't one of them. The nanny state will give them the green light to 'protest' or be submissive.

     

    It is sad really as the Scandinavian people are a fine lot.
    23 Jun 2014, 10:08 PM Reply Like
  • xomstock
    , contributor
    Comments (470) | Send Message
     
    They picked a fine time to go on strike.
    24 Jun 2014, 08:18 AM Reply Like
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