Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Chevron, Woodside say no updates on Australian LNG wage talks as unions file safety complaint

Published 2023-08-17, 12:17 a/m
© Reuters.

By Lewis Jackson and Alasdair Pal

SYDNEY (Reuters) - Woodside Energy and Chevron (NYSE:CVX) said on Thursday there were no updates on wage disputes at some of Australia's largest liquefied natural gas (LNG) facilities, as the unions involved in talks filed a safety complaint against Woodside.

Woodside's North West (TSX:NWC) Shelf and Chevron's Gorgon and Wheatstone Australian LNG operations together supply about 10% of the global LNG market.

Some 99% of the workers on offshore platforms that supply gas to the North West Shelf LNG plant have agreed to let the union take action including calling strikes, which could disrupt shipments and see prices for the super-chilled fuel rise.

Chevron workers are set to vote in the next week on whether to give their union representatives the same powers.

A spokesperson for Woodside said on Thursday there were no additional updates on talks, a day after saying "positive progress" had been made in talks with the Offshore Alliance, an umbrella group representing the Maritime Union of Australia and the Australian Workers' Union.

A Chevron spokesperson said there were no updates but the company was continuing to engage with its employees.

On Thursday the Offshore Alliance said in a Facebook (NASDAQ:META) post it had filed a safety complaint with the offshore energy regulator the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA), regarding substandard living and working conditions at Woodside's Angel Platform, which is part of the North West Shelf operation.

The Woodside spokesperson declined to comment on the complaint.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.