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Norwegian oil strike worsens
The Norwegian oil industry is facing an escalation in the labor crisis due to the ongoing strike that began on June 15, leading to a halt in drilling and production activities worth approximately 2.4 million barrels of oil equivalent, with financial losses estimated at $163.6 million. The strike has disrupted oil services on four drilling rigs, five offshore facilities, and a vessel, with the workers' union escalating by withdrawing more workers, posing a threat to increase daily losses to over 120,000 barrels of oil equivalent if the strike continues into mid-July. This escalation comes at a sensitive time for European energy markets, which rely on Norwegian gas, as it affects drilling operations and field maintenance, further complicating the crisis.
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