NEWS

A strike that shut down about 8% of Norway’s oil and gas output will end after successful mediation talks, said Norwegian Oil and Gas Association spokesman Kolbjorn Andreassen.

The settlement will restore production at six fields already shut down by the dispute and prevent an escalation to another six over the weekend. Those facilities pump about 130,000 barrels of crude oil and 43 million cubic meters of gas a day. It also averts the shutdown next week of Norway’s largest oil field, the 460,000 barrel-a-day Johan Sverdrup facility.

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