Chevron and unions agree to end Western Australia gas strikes

Chevron and unions agree to end Western Australia gas strikes
Chevron and unions agree to end Western Australia gas strikes

We show you our most important and recent visitors news details Chevron and unions agree to end Western Australia gas strikes in the following article

Hind Al Soulia - Riyadh - SYDNEY — Energy giant Chevron and unions have struck a deal to end strikes at two large liquefied natural gas (LNG) facilities in Australia. Workers accepted a proposed agreement put forward by the country's labor regulator, said the Offshore Alliance, which is a grouping of two unions. The current industrial action has been suspended, the company said. Strikes had been taking place at the Gorgon and Wheatstone facilities over pay and conditions since 8 September. "At a late night mass meeting members endorsed the latest offer which incorporates the Fair Work Commission's recommendations," Brad Gandy, a spokesperson for the Offshore Alliance said in a statement. Australia's industrial arbitrator, the Fair Work Commission, had hosted mediation negotiations between the company and union representatives. "The Offshore Alliance will now work with Chevron to finalize the drafting of the agreement and members will soon cease current industrial action," Gandy added. A spokesperson for Chevron Australia told the BBC the agreement "resolves the issues that remained outstanding following conciliation sessions this week." The US oil and gas giant's Gorgon and Wheatstone plants in Western Australia account for more than 5% of global LNG capacity. The dispute triggered volatile trading in LNG markets over concerns that the walkouts could have an impact on global gas supplies. The world's energy markets been under pressure since Russia's invasion of Ukraine early last year. Oil and gas prices soared, leading to a sharp rise in energy bills for homes and businesses. The Kremlin has also slashed supplies of natural gas to Europe, which led countries to find alternative sources of energy. Many countries are relying on LNG to fill the gap. Australia is one of the world's largest exporters of LNG, along with Qatar and the US, and its supplies have helped to cool global energy prices. "It was quite remarkable that a few hundred workers offshore Western Australia have managed to roil global markets and cause tens of billions of dollars in market movements," energy industry expert Saul Kavonic told the BBC's Asia Business Report. "But it happened because there is no resilience left in our global gas system," he added. LNG is methane, or methane mixed with ethane, cleansed of impurities and cooled to approximately -160C. This turns the gas into a liquid and it can then be shipped in pressurised tankers. At its destination, LNG is turned back into gas and used, like any other natural gas, for heating, cooking and power. — BBC

These were the details of the news Chevron and unions agree to end Western Australia gas strikes for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Saudi Gazette and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT FBI director warns that Chinese hackers are preparing to ‘wreak havoc’ on US critical infrastructure

Author Information

I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 2077 Sharon Lane Mishawaka, IN 46544, USA Phone: (+1) 574-255-1083 Email: [email protected]