OSLO—Norwegian offshore oil and gas workers went on strike over pay on Tuesday, the first day of planned industrial action that could cut the country’s gas exports by almost 60 percent and exacerbate supply shortages in the wake of the Ukraine war.
By Saturday, daily gas exports would be cut by 1,117,000 barrels of oil equivalent (boe), or 56 percent of daily gas exports, while 341,000 of barrels of oil would be lost, the Norwegian Oil and Gas (NOG) employer’s lobby said.
Oil and gas from Norway, Europe’s second-largest energy supplier after Russia, is in high demand as the country is seen as a reliable and predictable supplier, especially with Russia’s Nord Stream 1 gas pipeline due to shut for maintenance from July 11 for 10 days….