This Week in The Energy Sector – 29th Aug to 4th Sept

Staff to Strike at Chevron Australia May Disrupt 5% of Global LNC Supplies

Workers at two of Chevron’s major natural gas plants in Australia are set to go on strike next week, threatening up to five percent of global LNG supplies.
The Offshore Alliance demands better pay, flexible rosters, and job security.
Europe’s benchmark natural gas index jumped due to the impending strike, and Shell’s Prelude gas ship strike last year cost an estimated US$650 million in lost revenues.
The alliance has accused Chevron of underpaying workers and warned of potential disruption to operations.

Shell has scrapped its $100 million-a-year carbon offset plan, the largest among corporations after its CEO announced a shift in strategy to maintain current oil production until 2030.
The company has not revealed new plans for carbon credits or how it will meet its climate targets.

Tate & Lyle has achieved its goal of powering its manufacturing facility in Guarani, Brazil, with 100% renewable energy.
The company aims to purchase all its energy from renewable sources by 2030 and achieve net zero emissions by 2050.
Other facilities in Italy and the UK have also transitioned to renewable energy.

Australia’s largest petrol retailer, Ampol, has partnered with US firm OneH2 to accelerate the use of hydrogen in the Australian market and reduce emissions from heavy transport.
The move comes after rival BP opened the country’s first hydrogen refuelling facility, and a CSIRO report urged increased hydrogen investments.

The investments will go towards research, exploration and development, as well as reducing emissions and energy transition.
BP has been operating in Egypt for 60 years and has invested more than $35 billion in the country, producing around 60% of its gas.
The announcement came after BP’s CEO met with the Egyptian President.