Worker Must Accept Fate

The government of Norway declared that its private oil industry and unions alone must find a way to meet the cost challenges that have led to the second labor dispute in the year already.

"We have said, long before this current dispute started, that it is very much up to the industry and the labor unions, to keep the shelf (Norwegian Continental Shelf) competitive," Oluf Ulseth, Norway's deputy minister of petroleum and energy, told Dow Jones Newswires.

Norway's Federation of Oil Workers Unions, or OFS, has pledged to officially end a four-month long strike over a dispute with the Norwegian Shipowners Association late evening Wednesday.