Strike-affected fields resuming production
The Gudrun, Oseberg South and Oseberg East fields have started run-up of production, after the strike among members of the Norwegian Organisation of Managers and Executives (Lederne) has been called off.
Last night, the government proposed a compulsory arbitration to resolve the labor dispute between the workers' organization Lederne and Norwegian Oil and Gas (Norog) in connection with this year's basic collective bargaining agreement.
Shortly afterwards, work began to restart production safely on the strike-affected facilities. All fields are expected to be back in full operation within a couple of days.
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Press release published 5 July 2022 – 08:02 CEST:
Strike affecting Equinor-operated fields on the Norwegian continental shelf
Equinor has initiated a safe shutdown of the Gudrun, Oseberg South and Oseberg East fields after members of the Norwegian Organisation of Managers and Executives (Lederne) trade union went on strike from midnight.
The background for the strike is that the members of Lederne in a referendum voted against the mediator’s proposal during the wage negotiations for offshore personnel between the labour organisations and the employers’ organisation, the Norwegian Oil and Gas Association (Norog).
Total production from Gudrun, Oseberg South and Oseberg East is around 89,000 barrels of oil equivalent (boe) per day, of which 27,500 boe per day is natural gas.
A further extension of the strike has been notified for the Heidrun, Kristin and Aasta Hansteen fields, taking effect from the night before Wednesday 6 July. To Equinor this means that the above-mentioned installations will perform a controlled shutdown of production, including the Tyrihans field, which is tied to the Kristin platform.
Total production from Heidrun, Kristin/Tyrihans and Aasta Hansteen is around 333,000 boe per day, of which 264,000 boe per day is natural gas.
A further escalation has been announced from 9 July at Sleipner, Gullfaks A and Gullfaks C. Consequences of this escalation is not yet clear.
Equinor’s H2H Saltend selected to proceed as one of the first large-scale hydrogen projects in the UK
12 August Department for Business, Energy, and Industrial Strategy (BEIS) announced that Equinor’s Hydrogen to Humber Saltend (H2H Saltend) production facility has been successfully progressed through Phase-2 of the Government’s cluster sequencing process.
Ex dividend 1q22
From 11 August 2022, the shares in Equinor (OSE: EQNR; NYSE: EQNR) will be traded ex dividend USD 0.40 (ordinary dividend of USD 0.20 and extraordinary dividend of USD 0.20).
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