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Bullboard - Stock Discussion Forum Nuvista Energy Ltd NUVSF


Primary Symbol: T.NVA

NuVista Energy Ltd. is an oil and natural gas company, which is engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Its primary focus is on the scalable and repeatable condensate rich Montney formation in the Alberta Deep Basin (Wapiti Montney). Its core operating areas of Wapiti and Pipestone in the... see more

TSX:NVA - Post Discussion

Nuvista Energy Ltd > LNG Strikes Could Begin Early September Amid Australia Dispu
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Post by Carjack on Aug 20, 2023 9:13pm

LNG Strikes Could Begin Early September Amid Australia Dispu

Strike action in Australia’s LNG sector could begin as early as Sept. 2 if new talks between Woodside Energy Group Ltd. and union officials on pay and conditions fail to resolve disputes. Ballots are also taking place on potential walkouts by workers at Chevron Corp. facilities.

Any outages would threaten about 10% of global supply and a local export sector that generated an estimated A$92 billion ($59 billion) in earnings in the year to June 30.

Here are the key dates so far —

July 26: Australia’s Fair Work Commission, a labor regulator, authorizes the Australian Workers’ Union and the Communications, Electrical, Electronic, Energy, Information, Postal, Plumbing and Allied Services Union of Australia to hold ballots of members at Woodside’s North West Shelf operations on industrial action

Aug. 9: Almost 150 Woodside workers vote in favor of potential action, including stoppages of between 30 minutes and four hours, and activities such as refusing to unload cargo other than food, water or medical supplies, to restart process gas compressors or generators, or to facilitate helicopter landings

Industrial action must start within 30 days of a completed ballot, unless the commission grants an extension

A union needs to give up to seven days’ notice before any industrial action commences

Aug. 10: The commission approves requests by the AWU and CEPU to hold ballots on action among members at Chevron’s Gorgon LNG facility. Separately, the regulator approves both unions to hold votes among workers at the Wheatstone downstream LNG facility

Voting needs to be completed no later than 10 days after a ballot order is made

Aug. 14: Requests by the AWU and CEPU to hold ballots of workers at Chevron’s Wheatstone platform on industrial action are also approved

Aug. 15: Talks take place between Woodside and unions on disputes at the North West Shelf operations. The sides remain apart on job security and remuneration, according to the Offshore Alliance, a group that includes the AWU

Aug. 18: A ballot of workers at Chevron’s Gorgon and Wheatstone downstream facilities will begin, according to the alliance

Aug. 21: Voting among workers at Chevron’s Wheatstone offshore platform is scheduled to open

Aug. 23: New discussions are expected to take place between Woodside and labor union officials. If disputes aren’t resolved by the end of that day workers have “unanimously endorsed” giving the company notice that staff will go ahead with industrial action

With seven working days’ notice required before action begins, stoppages could begin Sept. 2

Aug. 24: Ballot of workers at Gorgon and Wheatstone downstream expected to be finalized by 3 p.m. local time in Perth

Aug. 28: Voting of workers at the Wheatstone platform expected to be finalized

Sept. 2: Industrial action could begin at Woodside’s North West Shelf if Aug. 23 talks don’t resolve disputes

Comment by Carjack on Aug 21, 2023 9:46pm
On Sunday, the unions at Woodside’s North West Shelf offshore gas platforms said they could go on strike as early as on September 2 if their demands are not met.
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