Norway offshore strike costs industry over $50m a week

AI Summary

The Norwegian offshore strike by the Union of Energy Workers (SAFE) is costing the oil and gas sector over $50 million weekly. The strike is significantly disrupting drilling operations and reducing offshore activity in Norway's Continental Shelf region.

Offshore Norway, the industry organisation representing companies operating on the Norwegian Continental Shelf, has stated that the strike by the Norwegian Union of Energy Workers (SAFE) is costing more than NOK 500m ($51.2m) per week. According to the organisation, the strike is affecting a substantial share of drilling operations, resulting in delays, reduced activity, and planned …