• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 hours Could Someone Give Me Insights on the Future of Renewable Energy?
  • 17 hours How Far Have We Really Gotten With Alternative Energy
  • 2 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 2 days Bankruptcy in the Industry
  • 3 days The United States produced more crude oil than any nation, at any time.
Carbon Price Crash Threatens EU Transition Funds

Carbon Price Crash Threatens EU Transition Funds

Earlier this year, the price…

Big Oil’s Carbon Capture Conundrum

Big Oil’s Carbon Capture Conundrum

Energy experts and environmentalists express…

Chevron LNG Workers Begin Strike

Workers at the Gorgon and Wheatstone liquefied natural gas projects offshore Australia will begin striking today after talks with the projects’ operator, Chevron fell through.

Talks have been going on for a couple of weeks now, eventually moving to mediation with the participation of the Australian Fair Work Commission.

The trade union alliance representing the workers, the Offshore Alliance, has repeatedly warned that it will cost Chevron billions if it rejects the workers’ demand.

"Despite the Offshore Alliance giving Chevron plenty of opportunity to sort out (bargaining agreements) ... they will finally be facing their day of reckoning," the trade union said earlier today.

Work stoppages at the Gorgon and Wheatstone facilities began at 5 a.m. GMT today and could last for up to 11 hours daily. The industrial action is scheduled to continue until September 14.

Reuters noted in a report that as the strikes begin, the two LNG facilities may need to be shut down, "if there are not competent personnel to undertake handovers during work stoppages," per the OA.

The two projects together account for about 5% of global LNG supply. While Chevron failed to reach a deal with the workers, sector player Woodside, the operator of Australia’s largest LNG facility, the North West Shelf, managed to strike a deal and avert a strike.

The three LNG facilities—the North West Shelf, Gorgon, and Wheatstone—represent a tenth of global LNG supply. The threat of strikes there lifted gas prices considerably and put Europeans on high alert ahead of the coming winter.

ADVERTISEMENT

Australia, the world’s biggest LNG exporter currently, does not export directly to Europe but due to its size, any disruption in supply there reverberates across the global LNG market. This week prices have been on the rise again, on the news about Chevron. As industrial action begins, they will likely move higher still.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News