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BBCNEWS Asia Business Report June 4, 2024 01:36:00

It has now moved down to just 7%. local australian issue, and this is actually the kind of normal way that union negotiations play out. so, what we are likely to see now is we have seen the chevron workers vote last friday. they will be another vote coming up today, and that will kick off a 30 day window in which they are allowed to start striking. in the woodside scenario, they never got to actually strike. woodside ultimately and the unions came to an agreement before that happened. the risk of this evolving into strikes here is more likely. that is because chevron is likely to take a different, perhaps tougher, approach. this can also become very emotive negotiations, and so, it is more likely we do actually see some industrial action take place here, but, again, it is not something to actually be too concerned about in europe and asia if you are a gas buyer because initial industrial action is very low level. it is small disruptions. ....

Union Negotiations , Chevron Workers Vote , Woodside Energy , Woodside Scenario , Gas Buyer ,

BBCNEWS Asia Business Report June 4, 2024 23:35:00

Scenario, they never got to actually strike woodside ultimately and the unions came to an agreement before that happened. the risk of this evolving into strikes here is more likely. that s because chevron is likely to take a different, perhaps tougher approach. these can also become very emotive negotiations. and so it s more likely we do actually see some industrial action take place here. but again, it s not something to actually be too concerned about in europe and asia if you re a gas buyer, because initial industrial action is very low level, it s small disruptions, it s workers refusing to load helicopters or work for half an hour a day, give or take, and that s unlikely to impact production in a material way. and we do think it s ultimately likely to see a resolution before it gets to the point where you actually have severe, prolonged outages, which will impact energy security in both asia and europe. ....

Strike Woodside , Gas Buyer , Energy Security ,