By Dominic Chopping

Equinor ASA said Tuesday that an agreement has been reached between the Norwegian Oil and Gas Association and trade union SAFE, averting a possible strike at its Mongstad refinery.

The Norwegian oil-and-gas major had previously cautioned that a strike at the Mongstad terminal could have led to production being shut down at several of its fields on the Norwegian Continental Shelf, including Johan Sverdrup and Troll. Equinor is operator of the Johan Sverdrup field with a 42.6% interest. Lundin Energy Norway holds a 20% stake in the field, Petoro holds 17.36%, Aker BP ASA holds 11.5733% and Total SE holds 8.44%.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

February 16, 2021 02:01 ET (07:01 GMT)

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