Key facts
- Norway averted a strike at offshore oil platforms.
- Trade unions and oil companies reached a wage agreement.
- The potential strike threatened operations at Western Europe's top oil and gas producer.
- Almost 8% of offshore oil and gas workers had threatened to strike from June 5.
Norway narrowly avoided a strike at its offshore oil platforms after trade unions and oil companies reached an agreement on wages early Friday. The potential strike, which involved almost 8% of offshore oil and gas workers, had been set to begin on June 5 if negotiations failed. This averted disruption is significant as Norway is Western Europe's top oil and gas producer, and the world is currently seeking stable energy supplies amidst the ongoing Middle East crisis.