Workers at Canadian Natural Resources Ltd.'s (CNR) Baobab and Espoir oil and gas fields in Ivory Coast on Feb. 15 ended a strike over employment conditions launched last week, the head of their union said.
"We have lifted the strike order. Production has restarted on all the platforms," Imrana Konate, secretary-general of the SISPOO union, told Reuters. "We have signed a memorandum of understanding [MOU]."
CNR had declined to comment on the strike action and company officials were not immediately available to react to Konate's statement.
It was not clear what concessions, if any, were contained in the MOU.
SISPOO had been demanding that CNR integrate contract employees hired via third-party companies into its workforce.
CNR's Ivory Coast operations produce about 70 million cubic feet per day of natural gas, which is critical for supplying the West African nation's gas-fired power plants. It also pumps between 40,000 barrels per day (Mbbl/d) and 45 Mbbl/d of crude, mainly for export.
Recommended Reading
President: Financial Debt for Mexico's Pemex Totaled $106.8B End of 2023
2024-02-21 - President Andres Manuel Lopez Obrador revealed the debt data in a chart from a presentation on Pemex at a government press conference.
Enbridge Advances Expansion of Permian’s Gray Oak Pipeline
2024-02-13 - In its fourth-quarter earnings call, Enbridge also said the Mainline pipeline system tolling agreement is awaiting regulatory approval from a Canadian regulatory agency.
Buffett: ‘No Interest’ in Occidental Takeover, Praises 'Hallelujah!' Shale
2024-02-27 - Berkshire Hathaway’s Warren Buffett added that the U.S. electric power situation is “ominous.”
CEO: Coterra ‘Deeply Curious’ on M&A Amid E&P Consolidation Wave
2024-02-26 - Coterra Energy has yet to get in on the large-scale M&A wave sweeping across the Lower 48—but CEO Tom Jorden said Coterra is keeping an eye on acquisition opportunities.
Marathon Chasing 20%+ IRRs with Los Angeles, Galveston Refinery Upgrades
2024-02-01 - Marathon Petroleum Corp. is pursuing improvements at its Los Angeles refinery and a hydrotreater project at its Galveston Bay refinery that are each boasting internal rate returns (IRRs) of 20% or more.