The Offshore Alliance union said it had called off strikes originally planned for Thursday at the U.S. energy major's Gorgon and Wheatstone projects in Western Australia, which supply around 6% of the world's LNG.
Workers have showed "incredible patience" with Chevron, Offshore Alliance spokesperson Brad Gandy said in a statement, blaming the company for trying to back away from the tentative deal agreed last month.
"There was some real compromises by Chevron at the 11th hour that enabled a deal to be re-struck and strikes withdrawn," energy analyst Saul Kavonic said.
Kavonic said the agreement would end the risks of strikes across Australia's largest offshore LNG projects.
The Offshore Alliance, a coalition of the Australian Workers' Union and the Maritime Union of Australia, said workers would vote on the proposed enterprise agreements.
Persons:
Brad Gandy, Gandy, Saul Kavonic, Kavonic, Renju Jose, Lewis Jackson, Emily Chow, Stephen Coates
Organizations:
Reuters, Chevron, Handout, REUTERS, Union, SYDNEY, Offshore Alliance, Traders, Workers, Australian Workers ' Union, Maritime Union of Australia, Thomson
Locations:
Wheatstone, Western Australia, Australian, Chevron's, Australia, U.S, Asia, Norway, Sydney, Singapore, Bengaluru