Stock Market News

Chevron pulls contract crew from Australia LNG project as strikes begin – unions

2023.09.09 12:32


© Reuters. FILE PHOTO: A view of Chevron-operated Gorgon project on Barrow Island, Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. Chevron/Handout via REUTERS/File Photo

(Reuters) – Chevron Corp (NYSE:) started withdrawing contractor workers from its Gorgon liquefied (LNG) facility on Saturday, shortly after staff went on strike at two major projects in Australia, a union coalition said.

“Chevron chartered a special flight this morning to Barrow Island to evacuate 50 blue and white collar contract crew off the Gorgon Project,” Offshore Alliance said in a Facebook (NASDAQ:) post.

The two sides are at odds over issues including pay, job security, rosters and rules around overtime and transfers between Chevron facilities.

“We will continue to take steps to maintain safe and reliable operations in the event of disruption at our facilities,” a spokesperson for Chevron told Reuters.

Workers at Chevron’s LNG projects in Australia started strike action on Friday after talks broke down, potentially disrupting output from facilities that account for over 5% of global supply.

No further talks were scheduled between the unions and the U.S. energy major, according to the website of the Fair Work Commission, Australia’s industrial umpire, which had mediated five days of negotiations.

Australia is the world’s biggest LNG exporter and its main buyers are in Asia.

The dispute over wages and conditions at Chevron’s Gorgon and Wheatstone operations has supported British and European gas prices, as traders anticipate lower Australian supplies would intensify competition from other sources.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 68,728.41 0.21%
ethereum
Ethereum (ETH) $ 2,437.71 1.41%
tether
Tether (USDT) $ 0.999975 0.06%
bnb
BNB (BNB) $ 558.94 0.42%
solana
Solana (SOL) $ 162.13 1.45%
usd-coin
USDC (USDC) $ 1.00 0.00%
xrp
XRP (XRP) $ 0.508505 0.40%
dogecoin
Dogecoin (DOGE) $ 0.170736 7.86%
staked-ether
Lido Staked Ether (STETH) $ 2,437.35 1.37%
tron
TRON (TRX) $ 0.161558 2.11%
cardano
Cardano (ADA) $ 0.330843 0.81%
the-open-network
Toncoin (TON) $ 4.59 5.22%
shiba-inu
Shiba Inu (SHIB) $ 0.000018 3.75%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,883.40 1.28%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 68,758.42 0.02%
avalanche-2
Avalanche (AVAX) $ 23.29 1.72%
weth
WETH (WETH) $ 2,439.00 1.33%
bitcoin-cash
Bitcoin Cash (BCH) $ 338.61 0.28%
chainlink
Chainlink (LINK) $ 10.59 0.85%
leo-token
LEO Token (LEO) $ 6.07 0.42%
usds
USDS (USDS) $ 0.993708 0.59%
sui
Sui (SUI) $ 1.94 2.68%
polkadot
Polkadot (DOT) $ 3.83 0.78%
litecoin
Litecoin (LTC) $ 66.01 1.41%
near
NEAR Protocol (NEAR) $ 3.73 1.36%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,564.95 1.34%
aptos
Aptos (APT) $ 8.22 0.68%
uniswap
Uniswap (UNI) $ 6.99 0.52%
pepe
Pepe (PEPE) $ 0.000008 1.25%
internet-computer
Internet Computer (ICP) $ 7.15 1.40%
dai
Dai (DAI) $ 1.00 0.08%
bittensor
Bittensor (TAO) $ 429.11 0.41%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.18 2.54%
monero
Monero (XMR) $ 159.17 0.68%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.02%
stellar
Stellar (XLM) $ 0.09226 0.53%
whitebit
WhiteBIT Coin (WBT) $ 18.92 0.10%
ethereum-classic
Ethereum Classic (ETC) $ 17.99 0.63%
kaspa
Kaspa (KAS) $ 0.105062 2.24%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.24%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.299943 0.16%
blockstack
Stacks (STX) $ 1.51 1.71%
okb
OKB (OKB) $ 37.51 0.57%
dogwifcoin
dogwifhat (WIF) $ 2.07 0.42%
filecoin
Filecoin (FIL) $ 3.33 1.99%
aave
Aave (AAVE) $ 130.23 0.67%
crypto-com-chain
Cronos (CRO) $ 0.072075 0.17%
arbitrum
Arbitrum (ARB) $ 0.481581 1.33%
mantle
Mantle (MNT) $ 0.557902 1.65%
immutable-x
Immutable (IMX) $ 1.07 1.26%