EnergyWatch

Norwegian oil wages on the rise again

Industry insiders in the Norwegian oil sector warn that pay levels are increasing, fearing a return to past times of runaway prices and wages. "Very concerning," says director.

Photo: Equinor

Activity and optimism are not the only things on the increase in the Norwegian oil and gas sector following years of decline and mass layoffs. Wages are going up as well, which sparks concern among industry executives, write several Norwegian media.

Regional daily Stavanger Aftenblad has spoken to a number of industry managers during oil conference Offshore Technology Days (OTD) in Stavanger, Norway. These top executives are seeing clear signs that wage levels are increasing, fearing that oil companies and suppliers will return to a situation in which prices and wages run amok.

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