LNG

The Norwegian government has imposed compulsory arbitration under the labour laws to terminate strike action in the pay dispute involving onshore and offshore union members that could have halted more than half of Norway’s natural gas exports to Europe with effect from July 9.

Norwegian energy and LNG producer Equinor has signed four new contracts with oil and gas services company Aibel, also based in Norway, on behalf of the licence-holders in three offshore fields in the Norwegian Continental Shelf, with two of them having large natural gas and condensate resources.