Oil and Gas News from OilGasDaily.Com  
OIL AND GAS
Strikes offshore Norway escalate
by Daniel J. Graeber
Washington (UPI) Jul 16, 2018

A labor group representing offshore employers in Norway said the nation's reputation as an oil and gas producer was at stake because of strikes.

As promised, an offshore trade union idled 19 offshore installations through labor action during the weekend. Hundreds of workers on nine installations off the coast of Norway opted for labor action on nine rigs last week to press for higher wages.

Jakob Korsgaard, the managing director of the Norwegian Shipowners' Association and the managing director of Maersk Drilling Norway, said the strikes were a blow to Norway's image. In a statement, he said it was "incomprehensible" that Safe would "put both jobs, the Norwegian continental shelf's attractiveness and competitiveness and Norway's reputation as a safe and stable supplier of oil and gas resources in play" by striking.

Norwegian oil and natural gas production is important for the European market. Apart from Russia, it's one of the largest regional suppliers, drawing on renewable energy for power while sending its oil and gas reserves to Europe.

For Norway, oil and gas operations represented about 14 percent of the nation's gross domestic product and 40 percent of its export value last year.

The labor dispute came as the Norwegian Petroleum Directorate said it was important for drillers to increase activity offshore to arrest emerging declines. The NPD said 86 new development wells were drilled in Norwegian waters, about the same level as this time last year.

Production, meanwhile, is 3 percent less than expected and 4 percent below last year's forecast. For the second month in a row, the NPD said the main reason for a decline in production was because of technical issues offshore.

"Drilling new wells is the single most important measure to increase recovery," said Ingrid Sølvberg, director of development and operations at the NPD.


Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


OIL AND GAS
Push-pull factors leave oil prices lacking direction early Friday
Washington (UPI) Jul 13, 2018
Oil prices lacked clear direction ahead of the start of U.S. trading on Friday as a handful of market watchers said the situation for energy was very volatile. "Expect more oil price volatility as the global oil market can flip from a global supply surplus to a global supply deficit at the drop of a hat," Phil Flynn, the senior market analyst for the PRICE Futures Group in Chicago, said in a daily emailed newsletter. The price for Brent crude oil dropped 6 percent on Wednesday for one of ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Carbon dioxide-to-methanol process improved by catalyst

New 'promiscuous' enzyme helps turn plant waste into sustainable products

Biorefineries will have only minimal effects on wood products and feedstocks markets

Finding the right balance for catalysts in the hydrogen evolution reaction

OIL AND GAS
Latin America's largest solar park turns Mexican desert green

Longer contracts leverage the free fuel in solar power at little OM costs

Bacteria-powered solar cell converts light to energy, even under overcast skies

Material could help windows both power your home and control its temperature

OIL AND GAS
Clock starts for Germany's next wind farm

ENGIE: Wind energy footprint firmed up in Norway

Batteries make offshore wind energy debut

India embarks on offshore wind energy effort

OIL AND GAS
USA: Framatome completes major refurbishment of 31 reactor coolant pump motors

Ultrashort electron flashes offer new way to harvest nuclear energy

EU court dismisses Austrian case against UK nuclear plant

New microscopy works at extreme heat, sheds light on alloys for nuclear reactors

OIL AND GAS
Europe looking for climate strategies to 2050

Macron rallies sovereign wealth funds against climate change

In a warming world, could air conditioning make things worse?

Dutch unveil ambitious law to cut greenhouse gases

OIL AND GAS
Departing Apple engineer stole autonomous car tech: FBI

Tesla unveils Shanghai factory plans amid US-China trade row

Uber joins scooter wars with Lime investment

China's CATL to build first EU electric car battery plant in Germany

OIL AND GAS
Iraq PM looks to calm Basra unrest as demos spread

Tension grips Iraq's Basra after protester killed

A year after jihadists ousted, Iraq's Mosul still in ruins

Child beggars fill Mosul streets a year on from IS

OIL AND GAS
Scrapped drill with S. Korea would have cost $14 mn: Pentagon

Trump has 'confidence' N.Korea will honor denuclearization 'contract'

Iran's Zarif hails 'will to resist' US pressure on nuclear deal

Pompeo preaches prosperity to North Korea, via Vietnam









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.