(AOF) – American oil company, Chevron suffered an outage at its Wheatstone site in Australia this Thursday. This temporarily interrupted around a quarter of its liquefied natural gas (LNG) production. This situation comes as union workers have intensified their strike action which began six days ago. Chevron is working on resuming production. The strike movement began after the failure of negotiations between the group and the unions on wages and working conditions.
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Biogas to green activities
Obtained through the decomposition of waste, it falls into the category of green energy. It is part of the strategy of many countries, particularly in Europe, to reduce their dependence on hydrocarbon imports. Oil groups have strong ambitions in the field, as two recent operations reveal. The British BP took over the American Archaea Energy for 4.1 billion dollars. Then, the Anglo-Dutch Shell announced the acquisition of the Danish Nature Energy for $2 billion. These operations display high valuation levels, highlighting the strong potential of the sector. TotalEnergies had already taken a stake in the American Clean Energy Fuels Corp in 2018, of which it now holds 19%. It recently joined forces with Veolia to recover biomethane from waste treatment facilities.