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Free AccessChevron and Unions Continue Talks To Avert Strike Action
Chevron and the unions are holding a final round of talks on Wednesday ahead of the planned strike action at the Gorgon and Wheatstone LNG facilities in Australia which is scheduled to begin on Thursday morning according to Reuters.
- Work will stop for seven hours on Thursday, escalating to 10 hours from 8-13 September. There will be a single day with an 11-hour stoppage on 9 September. The unions further announced 24-hour stoppages for two weeks from 14 September.
- Australia's Fair Work Commission has been hosting mediation talks since Monday, and negotiations are scheduled to run on all days this week.
- Chevron said on Tuesday the firm has continuity plans for potential disruptions to LNG supplies in place.
- The looming industrial action at Chevron's Gorgon and Wheatstone LNG facilities in Australia starting on Thursday "will not substantially curtail production" even if it escalates further, Woodside Energy CEO Meg O'Neill said.
- "The industrial action that is starting Thursday [Sept. 7] is something I think Chevron will find challenging but will not substantially curtail production if it escalates beyond that," O'Neill said.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.