Norway rejected pleas from the country’s oil industry to help contain wage growth that producers say is hampering competitiveness in western Europe’s largest crude exporter.
A government-appointed commission on oilrigs and drilling concluded last month Norway must cut labor costs and ease regulations to ensure petroleum isn’t left in the ground.
“As a country and as a sector, we should never compete on security, health and environmental standards, or hourly wages for personnel,” Norway Oil Minister Ola Borten Moe, 36, said in a Sept. 11 interview. “We live in a country with real-wage increases. We have for many, many years, and I hope that continues.”