Chevron Australia averts renewed strikes
But the gas markets remain jittery amid a range of other risk factors
Chevron and an alliance of unions have reached a deal that averts renewed industrial action at the major’s Australian LNG facilities. But even with the strike cancelled, recent price movements once again highlight the globally interconnected nature of the gas market since Russia’s invasion of Ukraine. Members of the Offshore Alliance (OA)—which brings together the Australian Workers' Union and the Maritime Union of Australia—voted on 18 October to suspend planned strikes, which followed a previous round of industrial action back in September. And OA members subsequently opted to vote in favour of new Enterprise Agreements covering employment rights and conditions, which the alliance said wil

Also in this section
25 July 2025
KRG, Iraq’s central government and Turkey are all working to get exports flowing from the key port, but complications remain
25 July 2025
Mozambique’s insurgency continues, but the security situation near the LNG site has significantly improved, with TotalEnergies aiming to lift its force majeure within months
25 July 2025
There is a bifurcation in the global oil market as China’s stockpiling contrasts with reduced inventories elsewhere
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats