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Chevron/Handout via REUTERS/File Photo Acquire Licensing RightsSYDNEY, Oct 16 (Reuters) - Unions at Chevron's liquefied natural gas (LNG) facilities in Australia reaffirmed their plan to resume strikes this week as mediated talks continued on Monday, sparking angry comments from the company saying workers were being unreasonable. Australia's industrial arbitrator, the Fair Work Commission, mediated three days of talks last week and asked the Offshore Alliance to withdraw the strike plan while talks continued, Chevron said. The Offshore Alliance, a coalition of two unions, did not immediately respond to a request for comment. Chevron said unions continued to introduce new matters into the dispute and were withholding agreement on other issues pending member votes. Chevron said late on Sunday it was "extremely disappointed" by the vote to stick with the strike plan, against the arbitrator's request.

Persons: Chevron, Lewis Jackson, Sonali Paul Organizations: Reuters, Chevron, Handout, REUTERS, Rights, Offshore Alliance, Thomson Locations: Wheatstone, Western Australia, Australia

☆ Russia-China energy cooperation in focus as Putin visits Xi
▼ + stars: | 2023-10-15 | by ( ) www.reuters.com time to read: +4 min

It insists the ties do not flout international norms, and China has the prerogative to collaborate with whichever country it chooses. According to China's customs data, the growth of China's exports and imports with Russia on a year-on-year basis quickened in September from August. China is Russia's second-largest buyer of Russian oil after India. Russia's main gas export route is a 4,000-km (2,500-mile) pipeline Power of Siberia that links East Siberian fields to northeast China. Russia aims to build a second gas pipeline to China, Power of Siberia 2, with capacity for 50 bcm a year to run via Mongolia.

Persons: Maxim Shemetov, Wang Wentao, Vladimir Putin's, Russia's Novatek, Vladimir Soldatkin, Guy Faulconbridge, Alison Williams Organizations: REUTERS, Rights, Commerce, Vortexa, Russia's, Reuters, European, VEB, Supplies, CNPC, Thomson Locations: Siberia, Svobodny, Amur, Russia, China, United States, Beijing, Moscow, Ukraine, Russian, India, Kpler, Kozmino, Baltic, Brazil, Urals, Oman, European Union, That's, Europe, Power, Mongolia, Sakhalin, Qatar

☆ Oil and natural gas prices are climbing again as risks multiply
▼ + stars: | 2023-10-13 | by ( Anna Cooban | ) edition.cnn.com time to read: +5 min

“The oil market is very sensitive to developments with the Israel-Hamas war,” he told CNN. Risks to natural gas supplyThe situation in Israel has also weighed heavily on the European natural gas market. Egypt produces a lot of its own natural gas in addition to imports and processes some of it into LNG for shipping abroad. “This has obviously created a lot of nervousness and heightened the geopolitical risk within the European gas market,” Tomas Marzec-Manser, head of gas analytics at ICIS, told CNN. And Marzec-Manser thinks Europe’s upcoming winter will be bearish for the gas market.

Persons: Edward Moya, ”, —, ” Moya, Brent, Price, ” Sophie Lund, Yates, Hargreaves Lansdown, Massimo Di Odoardo, Wood Mackenzie, Di Odoardo, Frederic J . Brown, ” Tomas Marzec Organizations: London CNN — Global, Brent, Texas, CNN, Israel Defense Forces, Hezbollah, Group, Chevron, Getty, Authorities Locations: Israel, Iran, Tehran, United States, Gaza, Lebanon, Saudi Arabia, Russia, Egypt, Jordan, Europe, LNG, Finland, Estonia, Kern County , California, AFP, Baltic, Germany, Ukraine

A general view of Chevron's Wheatstone LNG facility in Pilbara coast, Western Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. Chevron/Handout via REUTERS/File Photo Acquire Licensing RightsSYDNEY, Oct 13 (Reuters) - Negotiations over a stalled pay and conditions deal between Chevron and unions at its liquefied natural gas (LNG) facilities in Australia made progress on Friday, but fell short of sealing an agreement to end months of labour disputes at the major export sites. Friday's talks are the second round being mediated by the FWC within the past month. The unions halted weeks of strikes in late September at the facilities that supply around 6% of the world's LNG after an earlier round of talks produced a deal. Weeks later, however, the unions accused Chevron of reneging on certain commitments and said they would resume strikes on Oct. 19.

Persons: Friday's, Weeks, Lewis Jackson, Susanna R, Alasdair Pal, Miral Organizations: Reuters, Chevron, Handout, REUTERS, Rights, Thomson Locations: Wheatstone, Western Australia, Australia, Chevron, reneging, Europe, London

Speaking at an online briefing ahead of next week's U.S.-Japan Energy Security Dialogue, Pyatt also said the United States and its partners in the Group of 7 were committed to denying Russia any energy revenues. "It's very clear to me that Russia is never again going to be viewed as a reliable energy supplier," Pyatt told reporters. "In the case of our G7 partners in particular, we are also committed to work jointly to deny Russia future energy revenues, and target in particular investments and projects growing Russia's future energy revenue," he added. Russia has played down the impact of Western sanctions, saying they are used by the United States to eliminate Moscow as a competitor in global energy supplies. In September, the United States issued fresh sanctions related to Russia's Novatek-led (NVTK.MM) Arctic LNG 2 project in which two Japanese energy firms - Mitsui (8031.T) and JOGMEC - are shareholders.

Persons: Alexey Malgavko, Energy Resources Geoffrey Pyatt, Pyatt, Yuka Obayashi, Miral Organizations: REUTERS, Rights, Energy Resources, Russia, Japan Energy Security, United, Mitsui, JOGMEC, Thomson Locations: Siberian, Omsk, Russia, Washington, Moscow, Ukraine, U.S, United States, Japan

☆ Asia stocks hit 2-week high as Fed talk turns dovish
▼ + stars: | 2023-10-11 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

Bull statues are placed in font of screens showing the Hang Seng stock index and stock prices outside Exchange Square, in Hong Kong, China, August 18, 2023. The S&P 500 (.SPX) gained overnight and MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 1.3% to a two-week high in morning trade. "I actually don't think we need to increase rates anymore," Atlanta Fed President Raphael Bostic told the American Bankers Association, to applause, in Nashville on Tuesday. On Wednesday the Australian and New Zealand dollars hit their highest levels on the dollar since the end of September, while sterling hit a three-week peak. European gas prices, which had jumped on news of the Middle East violence, surged further on Tuesday on concern a gas pipe in Finland was sabotaged.

Persons: Tyrone Siu, Raphael Bostic, Peter Dragicevich, Brent, Vivek Dhar, Sam Rines, Sam Holmes Organizations: REUTERS, Federal Reserve, paring, Japan's Nikkei, Atlanta Fed, American Bankers Association, Treasury, New Zealand, U.S, CPI, Fed, Bloomberg, HK, Benchmark, Samsung, Pepsi, Thomson Locations: Exchange, Hong Kong, China, SINGAPORE, paring U.S, Asia, Pacific, Japan, Nashville, Tuesday's, Israel, Finland, Estonia, Europe, Texas

☆ Morning Bid: Fed's dovish shift welcomed; inflation's next
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

Futures pricing suggests traders now see about a 30% chance of another rate hike this year, down from about 45% a week ago. Ahead on Wednesday, the European Central Bank's inflation survey and U.S. producer price data will lead in to U.S. inflation data on Thursday. The S&P 500's retreat on Tuesday from the day's high, closing only 0.5% firmer, also suggests nervousness. Later in the week U.S. corporate earnings season hits full swing, with bank profits set to rise. Overnight markets welcomed Pepsi (PEP.O) promising to keep on lifting prices, which is a good sign for demand but perhaps a warning sign for inflation.

Persons: Jonathan Ernst, Westbrook Stocks, Raphael Bostic, Fed's Bowman, Waller, Collins, Tom Westbrook, Edmund Klamann Organizations: . Federal, REUTERS, Bankers, Atlanta Fed, Pepsi, Exxon Mobil, U.S, Natural Resources, Reuters, Bank, PPI, Thomson Locations: Washington, Nashville, Asia, Finland, Estonia, Marrakech, Morocco, Bostic

☆ Deutsche Bank, Commerzbank block Gazprom subsidiary's Russian lawsuits
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

[1/2] The Deutsche Bank app logo is seen on a smartphone in this picture illustration taken September 15, 2017. RusKhimAlyans, which is 50% owned by Gazprom, filed lawsuits in Russia seeking more than 22 billion roubles ($22 million) from Deutsche Bank and over 8 billion roubles from Commerzbank over unpaid bank guarantees. Deutsche Bank and Commerzbank both said they were unable to pay RusKhimAlyans due to European Union sanctions. Deutsche Bank and RusKhimAlyans declined to comment. RusKhimAlyans had signed a deal with Linde in 2021 for the construction of the gas plant, with Deutsche Bank, Commerzbank and UniCredit providing guarantees.

Persons: Dado Ruvic, RusKhimAlyans –, RusKhimAlyans, Commerzbank, UniCredit, UCCDB.UL, Linde, Sam Tobin, Sinead Cruise, Vladimir Soldatkin, Mark Potter Organizations: Deutsche Bank, REUTERS, Gazprom, Linde, High, RIC, RusKhimAlyans, Commerzbank, Thomson Locations: London, Russia, Baltic, Ust, Luga, Ukraine, Moscow

☆ Israel ordered Chevron to shut down a major natural gas field, which could send prices spiking further just before winter
▼ + stars: | 2023-10-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Israel told Chevron to shut down a major natural gas field, and it's threatening to further spike prices of the fuel. The world's natural gas market has already been rocked by the war in Ukraine and threats of a strike in Australia. Some Israeli gas from Tamar is exported to Egypt, which processes the fuel into LNG that's exported to the EU. AdvertisementAdvertisementBrace for bad news ahead of winter: Natural gas prices could spike as energy giant Chevron halted operations at a major Israeli gas field following orders from authorities. Dutch TTF natural gas futures closed 12.5% higher at 49.455 a megawatt-hour on Tuesday.

Persons: Israel, —, Tamar, Israel isn't, Chevron, It's, Gergely Molnar Organizations: Chevron, EU, Service, Energy, Bloomberg, International Energy Agency, P Global Locations: Ukraine, Australia, Tamar, Egypt, Israel, Houston, Europe

HELSINKI (AP) — Finnish police said Wednesday they have launched a criminal investigation into possible sabotage of an undersea gas pipeline between Finland and Estonia that was shut down over the weekend following a leak. It is bi-directional, transferring natural gas between Finland and Estonia depending on demand and supply. The company said a liquified natural gas terminal in Inkoo has the capacity to deliver the gas Finland needs. Europe saw natural gas prices hit record highs last year after Russia’s cutoff of most gas supplies during the war in Ukraine. Europe currently has filled 97% of its gas storage capacity for the winter, but security of supply depends on deliveries of pipeline gas and LNG.

Persons: NBI, ”, Risto Lohi, Jens Stoltenberg, Sauli Niinistö, Kaja Kallas, ” Stoltenberg, Dmitry Peskov, Peskov, “ Organizations: HELSINKI, National Bureau of, NATO, YLE, “, European Union, Estonian Locations: Finland, Estonia, Gulf, Finnish, Inkoo, Estonian, Paldiski, Germany, Russia, Baltic, Brussels, Baltics, Europe, Ukraine

☆ What's behind Exxon's mega-merger and the stocks that could be next
▼ + stars: | 2023-10-11 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +6 min

Here's a look at what Exxon is getting in Pioneer and how Wall Street is reacting to the deal. Piper Sandler analyst Ryan Todd also pointed to Chevron as a company that could feel added pressure from Exxon's acquisition of Pioneer. Exxon's Denbury deal, for example, seeks to capitalize on a carbon capture, utilization, and storage (CCUS) company on the Gulf Coast and Rocky Mountain regions. What it means for Exxon's stock Piper Sandler's Todd maintained his overweight rating on Exxon on Wednesday and praised the Pioneer deal. However, Exxon's stock was down 3% in early trading Wednesday, while Pioneer rose just 1%, suggesting others are less sure.

Persons: Warren Buffett, Darren Woods, John Silverstein, Woods, We're, Biraj Borkhataria, Piper Sandler, Ryan Todd, Exxon's, Piper Sandler's Todd, RBC's, Borkhataria, — CNBC's Michael Bloom Organizations: Exxon Mobil, Natural Resources, Exxon, Mobil, Denbury, Occidental Petroleum, UBS, Pioneer, EOG, APA Corp, RBC Capital Markets, Chevron, CVX, RBC Locations: United States, West Texas, New Mexico, Midland, Gulf

A general view of Chevron's Wheatstone LNG facility in Pilbara coast, Western Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. Chevron/Handout via REUTERS/File Photo Acquire Licensing RightsSYDNEY, Oct 11 (Reuters) - Chevron and unions representing workers at its two liquefied natural gas (LNG) facilities in Australia made progress in talks over pay and conditions on Wednesday and would meet again on Thursday, a union representative said. With workers threatening to resume strikes from next week at the facilities that supply around 6% of the world's LNG, Chevron and unions were holding negotiations before Australia's industrial arbitrator, the Fair Work Commission. Unions halted weeks of strikes at Chevron's sites in late September after an earlier round of talks produced a deal. However, unions subsequently accused Chevron of reneging on certain commitments and said on Monday they would restart strikes on Oct. 19.

Persons: Lewis Jackson, Muralikumar Anantharaman, Sonali Paul Organizations: Reuters, Chevron, Handout, REUTERS, Rights, AS, Thomson Locations: Wheatstone, Western Australia, Australia, Chevron, reneging

☆ A pipeline in the Baltic Sea has been shut down. Authorities suspect sabotage
▼ + stars: | 2023-10-11 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

Gasgrid, Finland’s gas transmission operator, said Sunday that it had temporarily shut the 95-mile-long Balticconnector pipeline, running under the Baltic Sea, over a suspected leak. Moreover, Finland can still source gas via its LNG terminal, and Estonia is still connected to the European gas grid via Lithuania. An ‘alarm bell’Gasgrid and its Estonian counterpart Elering “noticed an unusual drop in pressure in the Balticconnector offshore gas pipeline” on Sunday morning, Gasgrid said Tuesday. “It is reasonable to suspect that the cause of the incident was damage to the offshore gas pipeline,” the company said in a statement. “The European [gas] market remains very tight, and any news is having an impact,” said Sharples at the Oxford Institute for Energy Studies.

Persons: Gasgrid, Sauli Niinistö, Jens Stoltenberg, ” Stoltenberg, Jack Sharples, Elering “, Kaja Kallas, Simone Tagliapietra, ”, Sharples, — James Frater, Sharon Braithwaite Organizations: London CNN, NATO, Finnish Border Guard, European Union, CNN, Oxford Institute for Energy Studies, Estonian, Estonia’s, Authorities, Germany —, EU, Chevron Locations: Finland, Estonia, Baltic, Brussels, Lithuania, Latvia, Europe, United Kingdom, Germany, Nord, Norway, Algeria, Israel

The Balticconnector gas pipeline was shut early on Sunday on concerns that gas was leaking from a hole in the 77-km (48-mile) pipeline. Finnish operator Gasgrid said it could take months or more to repair. "It is likely that damage to both the gas pipeline and the communication cable is the result of outside activity. The damage to the gas pipeline was believed to have taken place in Finnish waters, while the telecoms cable breach was in Estonian waters, Finnish authorities said. Prices were already up on Tuesday due to fears over tensions in the Middle East but expectations that outside activity caused the pipeline damage pushed prices in the nervous market higher.

Persons: Jens Stoltenberg, Gasgrid, Sauli Niinisto, Petteri Orpo, Orpo, Elisa, Timo Kilpelainen, Terje Solsvik, Anne Kauranen, Anna Ringstrom, Andrius, Marta Frackowiak, Louise Rasmussen, Susanna Twidale, Julia Payne, Bart Meijer, Gwladys Fouche, Susan Fenton, Jonathan Oatis Organizations: Finnish Border Guard, Companies Gas, PM, NATO, Reuters, Finnish, Amber Grid, Thomson Locations: of Finland, Estonian, Finland, Estonia, HELSINKI, Baltic, Finnish, Inkoo, Paldiski, St Petersburg, NORD, Russia, Germany, Latvia, Lithuania, Lithuanian, Ukraine, United States, Latvian, Hamina, Oslo, Helsinki, Stockholm, Andrius Sytas, Vilnius, Gdansk, Copenhagen, London, Brussels

The Tamar field, located 15 miles off Israel’s southern coast, meets 70% of Israel’s energy needs for power generation, according to the US energy company. A prolonged shutdown could lead to a drop in Israeli gas exports to its neighbors, Egypt and Jordan, as well as squeeze an already tight global gas market. For now, Chevron (CVX) continues to supply its customers in Israel and the region with gas from the larger Leviathan platform. Goldman Sachs analysts think the Tamar shutdown has “contributed” to the rally in European gas prices. However, all in all, the consequences for the global gas market would be “very limited,” he added, because Israel isn’t a major supplier.

Persons: Sally Jones, ” Jones, Chevron, “, Tamar, —, Wood Mackenzie, Goldman Sachs, Simone Tagliapietra, Marc Israel Sellem, Chevron’s Wheatstone, Tagliapietra, Israel, ”, Israel isn’t, Jordan, Israel’s, Martijn Murphy, Luo, ” Murphy Organizations: New York CNN, Chevron, Israel’s Ministry of Energy, Hamas, CNN, Rystad Energy, International Energy Agency Locations: London, New York, Israel, Egypt, Jordan, Europe, Ukraine, Baltic, Australia, Finland, Estonia, Tamar

☆ Chevron Australia workers to restart strikes next week after deal talks falter
▼ + stars: | 2023-10-10 | by ( Michelle Toh | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Union workers are set to go on strike at Chevron’s liquefied natural gas (LNG) facilities in Australia next Thursday, in renewed action that could disrupt about 7% of global LNG supply. The proposed deals had contained improvements in pay and other conditions, leading unions to call off strikes at the time. Fresh strikes could again threaten to disrupt production at Chevron’s hugely significant Wheatstone and Gorgon facilities, located near the coast of Western Australia. In separate statements shared with CNN, Chevron and the alliance said they had worked to draft agreements based on recommendations from Australia’s Fair Work Commission. Chevron added that it remained “committed” to a deal and hoped to resolve the last outstanding issues.

Persons: “, ”, Felix Booth, — Olesya Dmitracova Organizations: Hong Kong CNN — Union, Chevron, Offshore Alliance, CNN, Chevron Australia Locations: Hong Kong, Australia, Western Australia, reneging, ”

The usual seasonal pattern for the spot price is a rally heading into the northern winter and summer peak demand periods, followed by a lull in the shoulder seasons in between. This figure already exceeds the 20.22 million metric tons from October last year and is likely to be revised upwards as more cargoes are assessed. Demand in top importer Japan is still following the usual seasonal pattern, which generally sees soft arrivals in October followed by strength as the colder weather arrives. India's imports have been trending higher, with September arrivals of 2.15 million metric tons the most since October 2021. Europe's LNG imports are also showing signs of life, with Kpler estimating October arrivals at 8.58 million metric tons, up from 7.4 million in September.

Persons: Snow, Gary Cameron, Wheatstone, Lincoln Organizations: REUTERS, Rights, Japan, LNG, El, Chevron, Reuters, Thomson Locations: Lusby , Maryland, Rights LAUNCESTON, Australia, Asia, Ukraine, China, Japan, South Korea, Europe, EUROPE, El Nino, Western Australia, Israel, Persian, Qatar, United States

DUBAI, Oct 9 (Reuters) - The United Arab Emirates is refashioning state-owned Abu Dhabi National Oil Company (ADNOC) in the image of an international oil major by stepping up its global expansion and finding new revenue streams to maximise earnings for the Gulf state. The state-owned company also told Reuters it was investing in energy trading, without giving further details. ADNOC has two trading arms, both set up in 2020: ADNOC Trading, which is focused on crude oil, and ADNOC Global Trading, a joint venture with Italy's Eni (ENI.MI) and OMV which is more focused on refined products. Other recent hires include Bart Cornelissen, who left Deloitte to become ADNOC's senior vice president for group strategy and portfolio last month, according to LinkedIn. Recent senior hires for ADNOC's trading arms include alumni of Gunvor, Litasco, Shell and TotalEnergies, the employment network showed.

Persons: ADNOC, Galp, Austria's, Mohammed bin Zayed, headcount, Michele Fiorentino, Baker Hughes, Musabbeh Al Kaabi, Al Kaabi, Bart Cornelissen, Michael Hafner, Hafner, Morgan Stanley, Neil Quilliam, Sultan al, Jaber, John Kerry, Abu, Maha El Dahan, Yousef Saba, Ron Bousso, David Clarke Organizations: United, Abu, Abu Dhabi National Oil Company, Reuters, BP, NewMed Energy, Italy's Eni, UAE, IOC, Aramco, LinkedIn, Mubadala Energy, Deloitte, Greenhill &, Deutsche Bank, UBS, HSBC, Shell, Eni, Gunvor, The, Chatham House, United Nations, Masdar, Thomson Locations: DUBAI, United Arab Emirates, Abu Dhabi, Gulf, Saudi Arabia, Qatar, UAE, Africa, Mozambique, ADNOC, Geneva, London, The UAE, Europe, Sultan, Dubai

HELSINKI (AP) — Finland and Estonia said Sunday that the undersea Balticconnector gas pipeline running between the two countries across the Baltic Sea was temporarily taken out of service due to a suspected leak. Gasgrid Finland and Elering, the Finnish and Estonian gas system operators, said they noted an unusual drop in pressure in the pipeline shortly before 2 a.m. Sunday, after which they shut down the gas flow. “Based on observations, it was suspected that the offshore pipeline between Finland and Estonia was leaking,” Gasgrid Finland said in a statement. After the shutdown of Balticconnector, gas for Estonian consumers was coming from Latvia, it said. The pipeline is bi-directional, transferring natural gas between Finland and Estonia depending on demand and supply.

Persons: Elering, Kai Mykkänen, “, ” Organizations: HELSINKI, —, Sunday, Nord, Nordic, European Union, NATO, Moscow Locations: — Finland, Estonia, Baltic, Finland, Estonian, Germany, Russia, Inkoo, Latvia, Paldiski, Lithuania, Ukraine

☆ Gas pipeline between Finland and Estonia shut over suspected leak
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: +1 min

Companies Gas2grid Ltd FollowOSLO, Oct 8 (Reuters) - A subsea gas pipeline connecting Finland and Estonia was shut down early on Sunday following an unusual drop in pressure, Finnish gas system operator Gasgrid said in a statement. "Based on observations, it was suspected that the offshore pipeline between Finland and Estonia was leaking," Gasgrid said in a statement. "The valves in the offshore pipeline are now closed and the leak is thus stopped. Gasgrid Finland is currently investigating the matter in cooperation with Elering," it added. The state of the Finnish gas system was stable on Sunday morning and supply of gas in Finland was secured for the time being through the country's Inkoo floating LNG terminal, Gasgrid said.

Persons: Gasgrid, EET, Terje Solsvik, Toby Chopra Organizations: Gasgrid, Elering, Thomson Locations: OSLO, Finland, Estonia, Gasgrid, Estonian, Gasgrid Finland

Pressure gauges, pipes and valves are pictured at an "Dashava" underground gas storage facility near Striy, Ukraine May 28, 2015. Gas prices remain elevated compared with the years before Russia’s invasion of Ukraine in February 2022. Warmer-than-normal temperatures combined with sharp reductions in industrial consumption and high prices to curb gas use by power generators and others left the region with extraordinarily high inventories. Having taken a lot of pain upfront in the form of eye-wateringly high prices during winter of 2022/23, Europe’s gas storage is much better positioned for the winter of 2023/24. Related columns:- Europe’s gas storage must peak early this autumn (September 8, 2023)- Europe's record gas inventories cap prices (August 8, 2023)- Europe’s gas prices stabilise as storage additions slow (June 8, 2023)- Europe only has space for a small gas refill in 2023 (April 14, 2023)John Kemp is a Reuters market analyst.

Persons: Gleb Garanich, Stocks, John Kemp Organizations: REUTERS, European Union, Gas Infrastructure, Thomson, Reuters Locations: Striy, Ukraine, Europe, United Kingdom, Asia

Night-shift workers at Chevron's Gorgon and Wheatstone facilities voted to restart strikes in the afternoon meeting, the Offshore Alliance, a coalition of two unions, said in a statement. The unions accuse the U.S. oil giant of reneging on a deal that ended strikes last month. Reuters reported on Thursday, the bulk of workers at the facilities had voted to strike. Chevron must be given seven business days notice before strikes can begin and unions said they plan to file the notice on Monday. A union representative who declined to be named said there are no talks currently scheduled with Chevron.

Persons: Wheatstone, “, Brad Gandy, Nilutpal, Lewis Jackson, Mark Potter, Sharon Singleton Organizations: Reuters, Chevron, Handout, REUTERS, Offshore Alliance, Thomson Locations: Wheatstone, Western Australia, U.S, Bengaluru, Sydney

☆ Chevron workers at key LNG facilities in Australia vote to restart strikes
▼ + stars: | 2023-10-06 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +3 min

London CNN —Union members have voted to restart industrial action at Chevron’s liquefied natural gas facilities in Australia, threatening renewed strikes that could disrupt about 7% of global LNG supply. In the past days, the Offshore Alliance had been working with Chevron (CVX) to finalize the agreements, the alliance said in the statement. In Europe, the threat of strikes in Australia had caused a series of spikes in natural gas prices since August. “Persistently high and volatile gas prices will erode European competitiveness, [which is] a longer-term risk,” the credit rating agency wrote. “Gas prices will remain higher in Europe than elsewhere, making energy-intensive sectors like chemicals less competitive.”

Persons: Brad Gandy, “, Wheatstone, Daniel Toleman, Wood Mackenzie, “ It’s, ”, Alex Froley, Russia —, Moody’s Organizations: London CNN — Union, Offshore Alliance, Chevron, Commission, Enterprise, CNN, Fair, ” Workers Locations: Australia, Europe, Russia, Ukraine, Norway, LNG, United States, Qatar, Moscow

Chevron/Handout via REUTERS Acquire Licensing RightsCompanies Chevron Corp FollowOct 5 (Reuters) - Chevron (CVX.N) has "reneged" on commitments made to Australia's industrial tribunal, unions representing workers at its two local liquefied natural gas (LNG) sites said on Thursday, weeks after both sides struck a tentative deal to end major strikes. Workers called off strikes less than two weeks ago after unions and Chevron accepted proposals on pay and conditions proposed by the country's industrial arbitrator. However, the Offshore Alliance, a coalition of two unions, said Chevron had "reneged" on its commitments. Members would meet on Thursday and Friday to discuss the issue, according to a statement posted on Thursday to social media. A union representative who declined to be named said they would recommend workers serve Chevron notice of intent to resume strikes.

Persons: Lewis Jackson, Urvi, Kim Coghill, Sonali Paul Organizations: Reuters, Chevron, Handout, REUTERS Acquire, Companies Chevron Corp, Workers, Offshore Alliance, Commission, Thomson Locations: Wheatstone, Western Australia, Sydney, Bengaluru

A general view of Chevron's Wheatstone LNG facility in Pilbara coast, Western Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. Workers called off strikes less than two weeks ago after unions and Chevron accepted proposals on pay and conditions proposed by the country's industrial arbitrator, the Fair Work Commission. However, the Offshore Alliance, a coalition of two unions, on Thursday said Chevron had "reneged" on its commitments. A union representative who declined to be named said they would recommend workers serve Chevron notice of intent to resume strikes. Chevron and unions had made progress drafting the agreement, but differences remained over issues like reimbursement for meals or travel for training, according to a second union representative involved in the negotiations.

Persons: Weeks, Lewis Jackson, Urvi, Kim Coghill, Sonali Paul Organizations: Reuters, Chevron, Handout, REUTERS Acquire, Companies Chevron Corp, Workers, Offshore Alliance, Commission, Thomson Locations: Wheatstone, Western Australia, U.S, Sydney, Bengaluru

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