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Investment on the Norwegian continental shelf (NCS) will continue to decline in 2016 and 2017. Work currently under way in the companies will of itself reduce capital spending by cutting costs in
Efforts have begun to mediate in collective pay talks covering 7 000 operator, drilling and catering company personnel on Norwegian offshore installations.
Mediation concerning the oil service and well service agreements is taking place this weekend, June 13–14.
After four hours on overtime, agreement was reached through mediation early on 4 June between the Norwegian Oil and Gas Association and the Norwegian Organisation of Managers and Executives (Lederne)
The 2026 round of pay talks on the offshore agreements has commenced.
Negotiations on two collective pay settlements – the oil industry and oil agreements – have been postponed until after the summer.
This year’s pay talks under Offshore Norway’s collective pay agreements will begin next week. The first talks concern the offshore agreements.
The IEA report indicates that there will still be demand for oil and gas, although less, towards 2050. Here, Norway is very well positioned.
This year’s negotiations for the collective pay agreements which the Norwegian Oil and Gas Association is a party to begin on 18 May. A number of settlements are due to be reached.