This segment is from Tuesday's edition of 'Digging for Value', in which sector analysts Joel South and Taylor Muckerman discuss energy & materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays & Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.

While the biggest threats right now, stemming from the strikes in Norway, are maintenance related, a prolonged battle could affect global energy prices. Norway is the largest producer of oil in western Europe and Statoil (NYSE:EQNR), one of the companies being affected, produces 70% of the countries oil. For Statoil and ConocoPhillips (NYSE:COP), a timely solution to this wage debate is certainly on the Christmas wishlist. For more information, tune in to the video below. 

When discussing offshore oil and gas, this company must not be overlooked

Follow Taylor Muckerman on Twitter @t_Muckerman.

Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends Statoil (ADR). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.