FINWIRES · TerminalLIVE
FINWIRES

BP, United Steelworkers Talks Stall as Union Exits Negotiations

By

BP (BP.L) said Monday the United Steelworkers Local 7-1 union discontinued negotiations without meaningfully addressing unresolved issues tied to operations at its Whiting refinery in Indiana, US.

The energy group said it remained committed to continuing bargaining during the ongoing lockout, adding that the union "rejected and refused to negotiate bp Whiting refinery's last, best, and final offer."

BP's latest proposals include upgraded job structures, enhanced training programs, a six-year agreement with a $2,500 lump sum bonus, and additional payments ranging from $5,000 to $7,500 for certain classifications. BP also aims to introduce average base wage increases of 13% over four years, alongside annual cash bonus opportunities.

Related Articles

Equities

Caspian Sunrise Gets Regulatory Nod in Kazakhstan for Four New Wells

Caspian Sunrise (CASP.L) secured regulatory approval to drill four new wells on the BNG contract area in Kazakhstan.The London-listed oil and gas exploration and production company will work on two 5,000 meter-deep wells and a shallower one with a depth of 3,500 meters at the Yelemes Deep structure targeting Permian limestone and Triassic sandstone, respectively, according to a Monday release.Another well with a depth of 2,500 meters will also be drilled on a potential new shallow structure LK6 targeting Cretaceous point bar sandstone.

$CASP.L
Equities

Constellation Oil Services Applies for Trading on Euronext Oslo Børs

Euronext Oslo Børs said Monday it received Constellation Oil Services' (COSH.OL) application to trade on the bourse.The offshore drilling company intends to transfer its listing from Euronext Growth Oslo.

$COSH.OL
Equities

Eni to Expand Cookstoves Production Capacity at Mozambique Facility

Eni's (ENI.MI) Eni Natural Energies Mozambique and the Instituto Superior Dom Bosco will install a new cookstoves production unit at the Salesian Vocational Training Centre in Maputo, Mozambique.The expansion project aims to increase the site's manufacturing capacity to 500 cookstoves per day from 350 previously, according to a Monday release.The cookstoves are distributed across provinces in Mozambique as part of the Italian energy company's Clean Cooking Programme in Sub-Saharan Africa.

$ENI.MI