Oil minister Bijan Zanganeh has handed the running of Iran’s national oil company to a trusted ally in a push to agree long-awaited deals with global oil majors, which could be derailed by next year’s presidential polls. Iran has pledged to open up its lucrative oil reserves, the world’s fourth largest, although hardline rivals of… Continue Reading »
About 755 Norwegian workers on seven oil and gas fields could go on strike from Saturday, hitting output from western Europe’s top producer, if a new wage deal is not agreed before a Friday deadline, trade unions said on Monday. A final round of mandatory talks will be hosted by a state mediator on June… Continue Reading »
Nearly 300 employees on oil and gas drilling rigs off Norway could go on strike unless a wage deal is agreed by June 22, the country’s state-appointed mediator said on Thursday. Rowan Companies’ Viking and Gorilla rigs will be affected, one of the unions involved in the wage talks said. It was not clear if… Continue Reading »
Oil narrowed a decline as a labor strike in Kuwait cut output for a second day, counteracting the failure of producing nations to reach an output-freeze agreement in Doha. Kuwait was seeking to restore crude production as thousands of oil workers stayed off their jobs for a second day in a strike that’s slashed the… Continue Reading »
Kuwaiti oil workers will go ahead with a strike starting on Sunday, their union head said, rejecting an offer from the state oil company to suspend the implementation of public sector pay reforms. Kuwait Petroleum Corporation (KPC) and its subsidiaries agreed to temporarily freeze a planned government overhaul of the payroll system and seek a… Continue Reading »
Nigerian National Petroleum Corporation (NNPC) workers are staging a nationwide strike over plans to “unbundle” the state-run oil firm into 30 companies. Senior staff in Nigeria’s oil and gas industry have opposed the proposed changes, according to the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) trade union, which stated that workers believe… Continue Reading »
Brazil’s main oil union began a nationwide strike Sunday to halt asset sales by state-controlled Petroleo Brasileiro SA at a time the company is slashing investments to reduce the biggest debt load in the oil industry. The Oil Workers Federation, known as FUP, said the nationwide strike started on Nov. 1. Some of the FUP’s… Continue Reading »
Brazil’s largest oilworkers union federation on Tuesday renewed its threat to strike at any time against state-run oil company Petroleo Brasileiro SA after having recently let other strike warnings lapse. The union, known as FUP, hopes to keep Petrobras, as the company is known, off guard by meeting the legal notification requirements for a strike… Continue Reading »
Brazil’s largest oil-workers’ union advised Petroleo Brasileiro SA that it plans to begin a open-ended strike against the state-run oil company starting at midnight (0300 GMT) on Friday. The strike is in protest at a recent cut of about 40 percent in investments by Petrobras, as the company is commonly known, and the planned sale… Continue Reading »
Unite union members have rejected the latest proposals by the Offshore Contractors’ Association (OCA) over changes to conditions for offshore workers in the North Sea, increasing the likelihood of industrial action. The latest development follows last month’s news that unions put official industrial action ballots on hold while considering an improved offer from the OCA…. Continue Reading »
