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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.
LNG
Chevron's two LNG production facilities in Australia could face daily work stoppages of up to 10 hours next week after unions on Tuesday threatened labour action if wages and conditions are not met.
- Chevron’s Gorgon and Wheatstone account for more than 5% of global LNG capacity.
- Workers at Gorgon and Wheatstone downstream facilities plan to stop work for seven hours in two blocks on September 7, escalating to 10 hours on September 8 and 11 hours on September 9 according to Reuters reports.
- A smaller stoppage of three hours is planned at the Wheatstone production platform from September 7, it reported with planned action out till the 14th of September.
- "Members will be participating in rolling stoppages, bans and limitations which will escalate each week until Chevron agrees to our bargaining claim," the Offshore Alliance said on Facebook.
- See Reuters chart for more details:
source: Reuters
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.
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