Asian Business Review website works best with Javascript enabled Please enable your javascript and reload the page Its achievements have set a new benchmark for the development of the oil and gas industry in the region Pertamina EP Cepu Regional Indonesia Timur (PEPC) a subsidiary of Indonesia’s national energy company Pertamina received two major accolades at the prestigious Asian Management Excellence Awards 2025 for the strong leadership of its President Director Muhamad Arifin as well as its integrated lifestyle intervention programme ATRAKTIF PEPC achieved significant production milestones including 84,902 barrels of oil per day and 653.37 MMSCFD of gas Gas production also increased 108% from the previous year and PEPC also drilled 8 development wells and 4 exploration wells He has structured PEPC's operations based on five strategic pillars: Maintaining Baseline His commitment to these strategies has ensured that PEPC operates efficiently whilst upholding environmental One of Arifin's most notable achievements is PEPC's ability to operate without work accidents which earned the company a safety award from Indonesia’s Ministry of Energy and Mineral Resources in 2024 The President Director also emphasises corporate social responsibility (CSR) to ensure that PEPC's operations benefit the local community PEPC has implemented 131 CSR programmes that focus on economic development His belief that companies should contribute positively to society is evident in these efforts These efforts have brought Arifin and PEPC the Indonesia Executive of the Year - Oil & Gas category win in the awards programme “Arifin is not only a tenacious leader but also a visionary His leadership has driven positive change for PEPC His achievements and commitment to excellence make him a worthy candidate for the Executive of the Year award,” the company said PEPC has also launched the ATRAKTIF programme to assess the effects of integrated lifestyle interventions that include health education and exercise on outcomes for workers with metabolic syndrome 152 workers with metabolic syndrome have participated in the programme the participants are supervised on their physical activity The healthy diet intervention is also supervised and guided by a nutritionist according to their health condition The participants can choose any type of exercise and record it on any application installed on their phone or sports watch PEPC also provides group exercises to increase teamwork engagement The main outcome measured the body mass index 52% of 48 hypertension workers controlled (decreased compared to baseline) 62% of 39 diabetic workers controlled (normal compared to baseline) 55% of 152 workers with dyslipidaemia gained a normal lipid profile and 53% of 105 obese workers became non-obese In successfully encouraging workers to have a healthier lifestyle the ATRAKTIF programme won the Indonesia Health and Wellness Initiative of the Year - Oil & Gas category The Asian Management Excellence Awards celebrates the most successful business leaders and companies in Asia by recognising exceptional achievements in various domains Universitas Gadjah Mada and PT ExxonMobil Cepu Limited have established a collaboration in the field of education The signing of the cooperation was held at the UGM Faculty of Social and Political Sciences along with the execution of a public lecture “The Role of Oil and Gas Industry in Energy Transition.”  academic support was also provided by PT ExxonMobil Cepu Limited to Universitas Gadjah Mada In the cooperation agreement signed by Muhammad Nurdin Senior Vice President of Production at PT ExxonMobil Cepu Limited it is mentioned that support will be given in research with mechanisms to be determined by both parties including research related to the oil and gas industry The collaboration also includes knowledge sharing and support for educational sessions including public lectures and training sessions and collaboration in community development programs including accompanying community programs and the Community Service Program (KKN-PPM) in the EMCL (ExxonMobil Cepu Limited) operational area we are very proud because this collaboration not only strengthens the relationship between the academic and industrial worlds in terms of teaching and community service but also reinforces the collaboration that has been ongoing,” said Muhammad Nurdin on Friday (October 20) Nurdin hopes that this collaboration will serve as a foundation for innovation and measurable solutions in addressing the global energy issues currently being faced ExxonMobil believes in the vital role of the academic world in developing technology in the oil and gas industry and in implementing diverse and appropriate socio-economic approaches in community policies He explained that the partnership between PT ExxonMobil and UGM has been ongoing for quite some time Several activities have been conducted not only in the Cepu Block area but have been ongoing since ExxonMobil started operating assets in Aceh several years ago These activities include engineering studies “There were also training sessions for government officials in Bojonegoro Village research on the perceptions of the community in the operational areas and student visits to the Cepu Block,” Nurdin added He mentioned that many UGM graduates currently working at PT ExxonMobil hold essential and strategic positions He also conveyed that PT ExxonMobil has supported Indonesia’s energy sovereignty and security through the Cepu Block “The Banyu Urip field in Bojonegoro has contributed more than 25% of oil production The initial oil investment in Bojonegoro was around 52 trillion this investment has increased sixfold to about 395 trillion rupiah,” Nurdin said “This support manifests ExxonMobil’s commitment to ensuring a stable and sustainable energy supply in Indonesia.” Professor Puji Astuti expressed gratitude to PT ExxonMobil Indonesia for collaborating in the public lecture held at the Faculty of Social and Political Sciences Collaborative public lectures with the industrial sector are one of the programs aimed at strengthening UGM students’ capacity for awareness of the emerging issues in today’s world “One of them is our readiness for the energy transition towards net zero emissions (NZE) by 2060 which requires multi-stakeholder synergy and supports the achievement of SDG 7,” Professor Astuti said UGM and PT ExxonMobil Indonesia will jointly develop student internship programs and synergy efforts to achieve clean energy in the campus environment and other areas in Indonesia it is hoped that students will have the opportunity to learn a lot from the multinational company “Students will certainly have the opportunity to ask many questions and get to know PT ExxonMobil maybe even to work for this company in the future,” she added stated that energy has become one of humanity’s fundamental needs today “Even a momentary energy loss now becomes a problem The issue we are facing now is the accessibility or energy access in regions like Papua and border areas,” Professor Sarjiya said International Relations lecturer Professor Poppy Sulistyaning Winanti stated that the energy transition from fossil-based to cleaner and sustainable energy is an unavoidable demand This poses a challenge to Indonesia as the effort toward transition coincides with the necessity to meet energy needs and achieve energy security we still have a high dependence on fossil energy while we have the potential for renewable energy sources that have not been optimally developed,” she elaborated Please contact us for any problem with SIMASTER (Direktorat Teknologi Informasi Directorate of Information Technology ) dan Lingkungan Office of Workplace and Environmental Security and Safety and Emergencies) E: info@ugm.ac.id | P: +62(274)588688 | F: +62(274)565223 | WA: +628112869988 TEMPO Laila Afifa TEMPO.CO, Jakarta - In June 2023, ExxonMobil Cepu Limited delivered more than 600 million barrels of cumulative crude oil production from Cepu Block through safe The cumulative production number marked with the 900th lifting from Floating Storage and Offloading (FSO) vessel Gagak Rimang has significantly exceeded the original Plan of Development’s target commitment of 450 million barrels of recoverable resource produced Along with our strategic partners in Cepu Block and the support of the Government of Indonesia we continue to actively support Indonesia’s energy security by contributing around 25 percent of the nation’s crude oil production Editor's Choice: ExxonMobil Confirmed Worker Brawls in Cepu Block Click here to get the latest news updates from Tempo on Google News Halal Snack Polemic: Tests by MUI Contradict BPJPH, BPOM Findings on Pork Content Deadly Bus Accident Leaves 12 Dead in Indonesia, Police: Brake Failure Bappenas, FAO Host Training Workshop to Enhance Governance in Indonesia's Agrifood Systems Transformation Hasan Nasbi Cancels Resignation as Indonesia's PCO Head: 'I Am Loyal to the President' Vasectomy for Social Assistance? Dedi Mulyadi's Controversial Proposal Draws Mixed Reactions West Java's Dedi Mulyadi Prepares Rp6bn to Send Troubled Teens to Military Barracks Bareskrim Arrests 4 LPG Agents for Subsidy Fraud, Rp5.6bn in State Losses Prabowo Subianto Plans to Establish 100 People's Schools Soon Prabowo Plans to Build Emergency Bulog Warehouses in Aceh, West Nusa Tenggara Prabowo's Reason for Involving the Military in Food Matters Indonesia and Denmark Deepen Cooperation in Renewable Energy Transition Singapore's Sembcorp Industries Scraps Indonesia Gas Deal Due to Regulatory Snags 7 Health Risks of Fasting Without Eating Suhoor Cerah Foundation Disputes Prabowo's 'Cleanest' Nuclear Claim Prabowo Gathers 8 Ministers to Refine Downstreaming Plans Indonesia to Offer Energy Projects Worth $40 Billion in 2025 Indonesia's Mount Semeru Erupts 3 Times This Morning, Sends Ash 700 Meters High List of Baeksang Arts Awards 2025 Winners Jokowi Responds to Calls for VP Gibran's Impeachment Prabowo Claims 99.99% Success Rate for Free Nutritious Meal Program Hollywood Shaken as Trump Orders 100% Tariff on All Foreign-Made Films Prabowo Rejects 'Puppet President' Label, Denies Jokowi's Control What Are the Cheapest Businesses to Start from Home? Here Are the Top 10 Today's Top 3 News: List of Baeksang Arts Awards 2025 Winners, 7 Most Beautiful Banknotes in the World 2025 Conclave: How the Catholic Church Will Elect the Next Pope Budget-Friendly Vacation: Free Places to Visit in Penang Island Hamas No Longer Interested in Gaza Ceasefire Talks, Says Official Hun Sen Slams Developed Nations' Meddling in Developing Countries Ready for a Change? Discover the 10 Best Countries for Job Opportunities Abroad All 133 Cardinal Electors Arrive in Rome Ahead of Papal Conclave Lenovo Set to Launch ThinkPad Aura Edition Series for Professionals in Indonesia Credit: Mark Evans/AAPStrikes on Australia’s busiest rail network might restart sooner than expected as a tribunal’s ruling to halt ongoing industrial action comes under fire in the courts A full bench of the Fair Work Commission ordered in February that strikes on Sydney’s railways be paused until July 1 while the NSW government and rail workers try to resolve an ongoing pay dispute The disagreement led to extended pain for commuters through cancellations and delays as negotiations continued Get the first look at the digital newspaper curated daily stories and breaking headlines delivered to your inbox Get the NewsletterBy continuing you agree to our Terms and Privacy Policy.On Thursday Plumbing and Allied Services Union (CEPU) applied to the Federal Court to quash the FWC’s decision via an expedited hearing working under the banner of the Combined Rail Unions which had been in discussions with state transport officials since May 2024 Electrical Trades Union NSW/ACT secretary Allen Hicks told members via email that the CRU had not adequately represented their interests “The Fair Work Commission fundamentally failed to take into account the interests of all bargaining representatives and as such the ETU has applied to the Federal Court for a review of this disgraceful decision,” he said. “We wish to restore the fundamental right of union members to take protected industrial action to encourage a swift and fair resolution to this enterprise bargaining dispute.” The CEPU and the RTBU had been seeking a 32 per cent pay rise across four years, but the government has only offered 15 per cent for the same period, including a federally mandated superannuation increase. More recently, the parties were at odds over a $4500 one-off payment included in workers’ last pay agreement, which officials from both unions said should form part of the new deal. In an affidavit filed with the court, ETU NSW head of legal and operations Alana Heffernan described the commission’s ruling as “irrational or legally unreasonable”. “By suspending protected industrial action, the commission has substantially reduced the capacity of members of the CEPU to exert legitimate influence to achieve an enterprise agreement that includes the claimed sign-on bonus,” she wrote. The protracted dispute between the NSW government and rail unions has caused chaos for commuters. Credit: Mark Evans/AAPThe decision provided a strategic negotiating advantage to the government and rewarded its opposition to the union’s proposed terms, she said. If the dispute is not resolved by August 6, the commission can make an bargaining declaration forcing the unions to stop all industrial action related to the enterprise agreement, court documents reveal. A spokesperson from Transport for NSW told AAP that it would continue working towards finalising the enterprise agreement. In February, NSW Premier Chris Minns did not accept his government would have to dig further into its funds to seal an agreement, despite the apparent gulf between its offer and the union’s asking price. “But we’re open to genuine discussions about what a package would look like,” he said. He stood by the FWC’s decision to suspend industrial action until July, saying negotiations could continue without “holding the people of NSW hostage”. Opposition Leader Mark Speakman also welcomed the commission’s call at the time, but said there would be “more pain for commuters or taxpayers or both down the road”. The case will come before the court on March 7. Latest EditionEdition Edition 6 May 20256 May 2025Will the last person to leave the Liberals please turn out the lights Share via...Gift this articleSubscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe The union representing some 100,000 electricians posties and plumbers has resolved to disaffiliate from the ACTU over its support for the CFMEU administration laws resulting in a historic split in the union movement’s peak body The Communications Electrical and Plumbing Union national council voted on Thursday to break from the ACTU over anger at its leadership for not fighting the Albanese government’s legislation to force the CFMEU into administration which it argues opens a path for governments to take over other unions SaveLog in or Subscribe to save articleShareCopy link Gift 5 articles to anyone you choose each month when you subscribe. Follow the topics, people and companies that matter to you. Read MoreIndustrial relationsCFMEU Executive EducationPowered byLatest In WorkplaceFetching latest articles The Communications Electrical Plumbing Union (CEPU) has slammed the Tasmanian Liberal government’s proposal to sell off energy assets Premier Jeremy Rockliff said on March 4 that his government would make “a detailed assessment of the benefits of moving several entities out of government ownership” the Land Titles Office and the Motor Accident Insurance Board on the sell-off list CEPU Secretary Chris Clark warned on March 5 that “asset leasing” is the equivalent of privatisation it’s as good as sold — it’s gone,” Clark said “Tasmania will not be better off selling a profitable asset for next to nothing just to pay for this government’s other mistakes.” The CEPU represents energy workers in the Hydro Tasmania and TasNetworks, both of which are partly privatised already, known as Government Business Enterprises (GBE) Clark said the economic case for privatisation is “indefensible” He said TasNetworks does need “a management cleanout” the Liberals tried to sell Hydro Tasmania for just 20% of its actual value — a terrible deal for the state.” Queensland Premier Campbell Newman took a 99-year power lease proposal to the Queensland election in 2015 and it became “the worst electoral defeat in Australian history fuelled by the community-driven #Not4Sale campaign” “We will mobilise the same resistance here,” Clark said “This isn’t about economics: it’s about ideology No credible economist supports privatisation This is just another failed trickle-down experiment the same ideology that has eroded Tasmanian and Australian living standards since John Howard’s Liberals embraced it That’s because of its half-privatised GBE model “It’s a mess of competing interests pretending to be a public service while really acting as a greedy corporation Full privatisation would only make it worse — higher prices massive job cuts and an unaccountable private monopoly.” Clark pointed to Victoria and South Australia’s privatisation of their power networks in the 1990s as proof that it does not work It led to large scale job cuts and skyrocketing energy prices “Victoria’s energy privatisation directly contributed to the Black Saturday bushfires — a devastating loss of life caused by private companies cutting maintenance to increase profits governments are now being forced to re-nationalise assets because private investors have bled them dry and walked away “Privatisation is a failed experiment — and we refuse to let Tasmania become the next cautionary tale.” Green Left is funded by contributions from readers and supporters Make a One-off Donation or choose from one of our Monthly Donation options Become a supporter to get the digital edition for $5 per month or the print edition for $10 per month. One-time payment options are available You can also call 1800 634 206 to make a donation or to become a supporter My heartfelt thanks to Green Left for your stories of climate action and cultural dissent around the world Green Left shows there is plenty we can do and here are the people and communities that are already doing it Purple Pingers on housing solutions | Green Left Show #55 Climate Change is a Class Issue | Global Ecosocialist Network Stop demolishing public housing | Green Left Show #54 Cut military spending, dump AUKUS | Green Left Show #53 Vienna's inspiring public housing system — John Tully | Green Left Radio Labor must raise JobSeeker A deeper look at the election results May Day rally in Sydney 2025 Purple Pingers on housing solutions | Green Left Show #55 Waddah Weld-Ali: 'Now is the time to stand up' with permanent wars and a climate emergency Our side is — and always will be — that of the 99% Green Left’s goal is not only to expose the lies and hypocrisy of the billionaire class and their media we strive to help the organising efforts of those actively resisting the corporate rich Read more about Green Left Authorisation for electoral content by Neville Spencer The technical summary data tells us to buy CEPU near 11.02 with an upside target of 13.36 This data also tells us to set a stop loss @ 10.99 to protect against excessive loss in case the stock begins to move against the trade 11.02 is the first level of support below 11.2 The technical summary data is suggesting a short of CEPU as it gets near 13.36 with a downside target of 11.02 We should have a stop loss in place at 13.4though 13.36 is the first level of resistance above 11.2 the technical summary data tells us to buy CEPU just slightly over 12.16 The data also tells us to set a stop loss @ 12.12 in case the stock turns against the trade 12.16 is the first level of resistance above 11.2 any break above resistance is a buy signal Because this plan is based on a break of resistance it is referred to as a Long Resistance Plan The technical summary data is suggesting a short of CEPU if it tests 12.16 with a downside target of 11.02 We should have a stop loss in place at 12.2 though in case the stock begins to move against the trade is being tested a short signal would exist Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan the technical summary data tells us to buy CEPU just slightly over 11.25 The data also tells us to set a stop loss @ 11.22 in case the stock turns against the trade 11.25 is the first level of resistance above 11.2 The technical summary data is suggesting a short of CEPU if it tests 11.25 with a downside target of 11.02 We should have a stop loss in place at 11.28 though in case the stock begins to move against the trade Check the time stamp on this data. Updated AI-Generated Signals for Central Puerto S.a. American Depositary Shares (each Represents Ten) (CEPU) available here: CEPU Blue = Current PriceRed= ResistanceGreen = Support Click the Get Real Time Updates button below You will have 24/7 access to real time updates From then on you can just click to get the real time update whenever you want GET REAL TIME UPDATES Evitar Corte warned of market crash risk four times since 2000 It identified the Internet Debacle before it happened It identified the Credit Crisis before it happened Get Notified When our Ratings Change:Take a Trial This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options  The objective of this specific report is to optimize trading in Central Puerto S.a American Depositary Shares (each Represents Ten) (NASDAQ: CEPU) while incorporating prudent risk controls The signals for these will appear immediately on your My Stocks Page; add more too © 2022-2024 - All Rights Reserved Shares of Central Puerto SA (CEPU, Financial) fell 1.92% in mid-day trading on Mar 21 The stock reached an intraday low of $11.95 This places CEPU 27.56% below its 52-week high of $16.60 and 70.08% above its 52-week low of $7.07 43.5% of the average daily volume of 298,454 Based on the consensus recommendation from 3 brokerage firms, Central Puerto SA's (CEPU, Financial) average brokerage recommendation is currently 2.3 is designed to provide general insights and is not tailored financial advice Our commentary is rooted in historical data and analyst projections and is not intended to serve as specific investment guidance It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances Be aware that our analysis might not incorporate the most recent price-sensitive company announcements or qualitative information GuruFocus holds no position in the stocks mentioned herein Bruchou & Funes de Rioja acted as legal counsel to both Central Puerto S.A (“3C Lithium”) in CEPU’s subscription of newly issued shares representing 27.5% interest in 3C Lithium.  3C Lithium is a Singapore-based company that wholly owns Minera Cordillera S.A. an Argentine company holding the mining rights to the “Tres Cruces” lithium project in the Province of Catamarca the country’s leading private power generator aims to advance the development of the “Tres Cruces” lithium deposit by funding drilling activities and providing working capital for the project’s initial stages Iklan ExxonMobil Indonesia’s Contribution to the Country but the mothers were already busy preparing their wares The fathers were also agile to help their wives carry the crops from the motorcycle to the stall Some customers were bidding while carrying a rattan basket eating lontong and soy sauce tofu for breakfast or simply enjoying a cup of sugar-free kothok coffee The shouts of merchants along the hall made the market so vibrant They peddled their goods to attract customers said that this kind of atmosphere now happens every day The new market reopened in August 2021 after the revitalization program from ExxonMobil Cepu Limited (EMCL) the operator of the Cepu Block in East and Central Java The program has increased the economic activity of the residents of Gayam District and the surrounding area traders only get income on Javanese market days each Wage and Pahing was less than Rp1.5 million After the revitalization that started in 2018 He added that the construction of around 75 kiosks and 130 merchant stalls keeps the wheels of the market economy moving Merchants and buyers are getting more comfortable and the development of the administrators’ managerial capacity which is now managed by the Village-Owned Enterprises (BUMDes) Gayam Mandiri has managed to earn up to Rp105 million per year This amount is sourced from kiosk rental and user fees the circulation of money reaches around Rp41 million in each of its market activities," he continued Busyness is also felt in the Agribusiness Producers Cooperative (KPA) Makmur Sejahtera Bersama The location is only ten minutes from the market they continue to process dry unhulled rice produced by 263 assisted local farmers from 12 villages in Gayam District and two villages in Kalitidu District there are more than a thousand tons of dry grain absorbed by the KPA “This menthik wangi rice is given the brand Patembayan Dewi Sri," said Darusman We sell it to caterers for consumption by Banyu Urip Field workers as well as hotels and restaurants in the surrounding area.” The continuous assistance provided by EMCL since 2014 has made the hard work of the farmers pays off “Not only does it provide economic benefits for local farmers but also helps food security in Bojonegoro Regency,” he continued Aris and Darusman are the motors for their surroundings Aspects of sustainability and the passion to grow together ​​are the principles of encouraging people's economic growth especially to recover faster and rise stronger in this post-pandemic period MobilTM Mikrosite provides RON 92 non-subsidized fuel in rural areas The same spirit is also the foundation of EMCL's commitment to support energy security in Indonesia With the support of SKK Migas and partners the productivity of the Cepu Block with safe and efficient operations has made it as the main contributor to domestic oil production by more than 25 percent the Cepu Block can produce up to 235,000 barrels per day EMCL is proud to have produced a cumulative oil production of more than 540 million barrels of Cepu Block oil This amount exceeds the initial development plan (POD) target of 450 million barrels This figure also shows that the Cepu Block operation has contributed to Indonesia's revenue equivalent to almost six times the initial investment," said Muhammad Nurdin The operational reliability of the Cepu Block can’t be separated from the skilled hands and brilliant performance of the country's best people More than 99 percent of the workforce in Cepu Block operations are the best Indonesians the Banyu Urip Project involved more than 460 national and local companies and had a multiplier effect in the transfer of technology and knowledge More than 85 percent of the national subcontractors came from the surrounding areas “This is also a form of implementing the principles of sustainability and empowerment that we are doing to boost economic growth to recover faster as well as to increase the capacity of domestic resources," said Nurdin “Our investment in Indonesia is more than just increasing national income.” The economic empowerment of local business partners in the downstream sector is also the focus of ExxonMobil through its subsidiary There are more than 11,000 retailers spread throughout Indonesia who sell and distribute MobilTM and Federal brand lubricants the lubricant brand is processed at the Cilegon factory with a capacity of 700,000 barrels per year has a processing capacity up to 700,000 barrels per year PT EMLI is also fully committed to providing access to high quality energy to the rural area More than 2,000 MobilTM Mikrosite are present on the island of Java with sales of non-subsidized fuel quality of RON 92 The company also supplies diesel fuel to Java and eastern Indonesia to support the growth of the mining industry and other business activities PT EMLI also supplies more than 350,000 tons of petrochemical products for the Indonesian market Some of them are used as raw materials for making health masks Commitment to Realize Low Carbon Emissions In line with the Government of Indonesia's efforts to achieve its emission reduction target or Net Zero Emission (NZE) by 2060 or earlier ExxonMobil is also committed to supporting this achievement One of them is through the application of Carbon Capture Storage (CCS) technology This technology will help reduce greenhouse gas emissions by absorbing carbon dioxide from its source and then safely re-entering it into the earth we are currently evaluating the application of low-carbon technology in Indonesia through the implementation of CCS," said Hariadi Budiman Chief of Representative of Esso Indonesia Inc. one of ExxonMobil's subsidiaries in Indonesia The United Nations Intergovernmental Panel on Climate Change stated that these technologies will play an important role in achieving emission reduction targets ExxonMobil has more than three decades of experience in applying these technologies and has absorbed around 40 percent of the carbon dioxide produced by humans from industrial activities “ExxonMobil's collaboration with Pertamina and the government puts Indonesia on the right track not only to provide sustainable solutions but also to make Indonesia a pioneer at the regional level in the CCS industry," said Hariadi East Java is operated by 99 percent of the nation's best talents Get daily summary of exclusive and in-depth news in your email Inbox by joining the Newsletter Sinful Governor and Helicopters for Ulemas Citayam Fashion Week House Cleaning After Sambo Case Preventing Another Coal Crisis The Tasmanian Communications, Electrical and Plumbing Union (CEPU) has admitted to making “dishonest and misleading” statements during recent employee agreement negotiations with TasNetworks Their about-face comes after the Fair Work Commission ruled that CEPU officials endangered public safety by ordering industrial action in TasNetworks’ Transmission Control Room during a severe weather event last month Action allegedly included comments that control room operators would refuse to restore power to those reliant on it for life support even as a total of 40,000 customers across Tasmania faced outages The incident was one of four deemed to have threatened community safety during the storm prompting TasNetworks to seek an end to the industrial action the union acknowledged that organiser Chris Clark made a variety of “incorrect” comments and that claims in a recent ‘Vote No’ flyer were misleading They said the flyer falsely stated that backpay and a $6,000 bonus would be taxed at 48 cents in the dollar “These amounts were calculated at maximum income tax rates The amount at which these benefits are taxed will in fact vary according to an employee’s overall salary,” the CEPU said “We acknowledge this and retract the statements in full We admit that these statements were misleading to potential voters.” Clark had also accused TasNetworks management of being “prepared to bend the truth” and “paint as bleak a picture as possible” when conveying the extent of the severe outages “The CEPU withdraws those false statements and commits not to repeat them,” the statement continued The union says it “regrets” its actions and takes its “good faith bargaining obligations seriously.” Send your photos, videos and tip-offs to[email protected], use our News Tips form or call and leave us a message on 03 6124 2526. Copyright © 2025. Pulse Tasmania is published by Pulse Media Group Pty Ltd. Play Duration: 2 minutes 28 seconds2m 28sBrought to you by Chris Clark, from the Communications, Electrical and Plumbing Union (CEPU) tells Ryk Goddard on Hobart Breakfast the Tasmanian Energy Minister, Nick Duigan, "seems to have swallowed the CEO of TasNetworks' spin hook, line and sinker" in regards to the current stand off between TasNetworks and unions over calls for an increase in workers' wages. TasNetworks workers say they warned of outages as a result of industrial action but still worked to keep power on for customers where they could. (Facebook: TasNetworks) Ryk GoddardChris, at a time where there's really tight budgets, all this like has just come out and said we can't really afford to run anything at the moment, is asking for parity still appropriate? Published: 16h agoMon 5 May 2025 at 7:30pm Download the ABC listen app to text and call your favourite live radio Play Duration: 4 minutes 13 seconds4m 13sBrought to you by Mr Duigan tells Leon Compton on Tasmania Mornings that the industrial action and negotiations are "a legal matter between TasNetworks and the union and its employees" and that he has "limited powers as the Tasmanian minister to intervene". Energy Minister, Nick Duigan, says his expectation is that  "TasNetworks deals with its IR and its human relations issues" without his intervention.(ABC News: Ebony ten Broeke) Hobart, Launceston, Federal - State Issues, Electrical Products Industry, UnionsTranscriptLeon ComptonAre you going to intervene in a dispute between TasNetworks and its employees? Leon ComptonI assume if fair work have sanctioned this action, then the workers themselves have a serious case. Isn't that a reasonable conclusion for our listeners to draw, Minister? Leon ComptonMinister, you say your only pitch is to the federal minister for workplace relations. You are the shareholder minister for Tas Networks. You could simply direct Sean McGoldrick to give his workers the pay rise they seek. Will you do that? Leon ComptonBut you will not intervene to direct TasNetworks to hear more seriously the CEPU's demands for its workers to get a 30 per cent pay increase? Nick DuiganI've been really clear with TasNetworks that I expect them to negotiate with their people in good faith. I believe they're doing that. And I call on the union to come back to the table and play its part. Leon ComptonJust to get to the centre of this, do you accept that workers in Tasmania, in this case TasNetworks workers, are paid significantly less than their mainland counterparts? Published: 13h agoMon 5 May 2025 at 10:30pm Shares of Central Puerto SA (CEPU, Financial) surged 3.95% in mid-day trading on Oct 9 The stock reached an intraday high of $10.28 This places CEPU 11.53% below its 52-week high of $11.60 and 88.60% above its 52-week low of $5.44 103.1% of the average daily volume of 316,816 Our #1 AI Stock Pick is on a steep discount - 29.99$ instead of 99.99$! Click here to access exclusive research Central Puerto S.A. (NYSE:CEPU) Q4 2024 Earnings Call Transcript March 12 Welcome to Central Puerto’s Fourth Quarter of 2024 and Fiscal Year 2024 Earnings Conference Call A slide presentation is accompanying today’s webcast and is also available on the Investors section of the company’s website If you do not have a copy of the press release please refer to the Investor Relations Support section on the company’s corporate website at www.centralpuerto.com a replay of today’s call may be accessed by accessing the webcast link at the same section of the Central Puerto’s website please be aware that all financial figures were prepared in accordance with IFRS and were converted from Argentine pesos to U.S The exchange rate used to convert Argentine pesos to U.S dollars was the reference exchange rate reported by the Central Bank for dollars for the end of each period dollars is for the convenience of the reader only and you should not consider these translations to be representations that the Argentine peso amount actually represents this U.S dollars amount or could be converted into U.S it is worth noting that the financial statements for the fourth quarter ended on December 31 2024 include the effects of the inflation adjustment please take into consideration that certain statements made by the company during this conference call and answers to your questions may include forward-looking statements which are subject to risks and uncertainties that could cause actual results to be materially different from the expectations contemplated by industry remarks we refer you to the forward-looking statements section of our earnings release and recent filings with the SEC Central Puerto assumes no obligation to update forward-looking statements except as required under applicable securities laws please download the webcast presentation available on the company’s website Please be aware that some of the numbers mentioned during the call may be rounded to simplify the discussion On the call today from Central Puerto is Fernando Bonnet; Chief Financial Officer Enrique Terraneo; and Alejandro Diaz Lopez Head of Corporate Finance and Investor Relations Officer I will turn the call over to Alejandro Diaz Lopez Thank you for joining us today on a new session of earnings presentation where we are going to discuss our financial results for the fourth quarter of 2024 and the fiscal year of 2024 I will begin the presentation by addressing in shortly the main figures of the quarter and the whole fiscal year followed by a quick update of the regulatory framework and relevant news I will show an overview of the Argentine electricity industry moving afterwards to our operational and financial results we will be happy to address any question you may have Before going into a more excessive analysis of our financial and operational results let me briefly review Central Puerto’s main figures for the fourth quarter of 2024 and the whole fiscal year The group’s installed capacity remains at 6,703 megawatts and energy generation amounted to 5.4 terawatt hour during the fourth quarter of 2024 Annual generation rose 4% to 21.6 terawatt hour it should be noted that due to Central Puerto’s accounting methodology of items in pesos must be inflation-adjusted to the end of the quarter local currency while the company reports its results in dollars by converting them at the end of the period official exchange rate the so-called Central Bank A 3500 exchange rate This causes a non-cash impact that affects positively or negatively as appropriate our financial metrics the sharp devaluation of December of 2023 created a distorted base for comparison Revenues for the fourth quarter of 2024 amounted to $168 million increasing 71% year-over-year compared to the fourth quarter of 2023 While annual figure reached to $671 million Adjusted EBITDA rose 44% year-over-year for the fourth quarter of 2024 to $65 million whereas annual metric increased 4% to $288 million Net income for the fourth quarter of 2024 was negative in $28 million and the result for the fiscal year of 2024 was positive in $52 million net debt as of December 31st of 2024 amounted to $132 million a reduction of $154 million vis-a-vis December of 2023 showcasing a net debt to adjusted EBITDA ratio of about 0.5 times let’s move to the most recent regulatory updates and news Spot prices have been adjusting once a month since June of 2024 we will have a compound 10% increase with respect to December of 2024 figures As we anticipated in our last earnings session by means of Resolution 294 issue last year it was established a contingency plan for the electricity industry with the aim to mitigate possible critical situation during the period December of 2024 and March of 2026 with action plans for generation Central Puerto’s eligible units to adhere to this resolution include steam turbines located in Buenos Aires and Luján de Cuyo gas turbines located in Luján de Cuyo as well as the Brigadier López thermal power plant the additional remuneration for power varies from $2,000 to $2,500 Continuing with news and regulatory updates the Secretary of Energy aims to deregulate the industry and normalize the wholesale market the first step was the issuance of Resolution 21 last January that eliminated some restriction and set path for future administrative decisions We should highlight that thermal power plant installed after January 1st of 2025 are able to celebrate PPAs with private agents thermal generators are allowed to manage the fuel an ending is settled for the Energía Plus framework Current contracts will be in place and continue until their ending day but new agreements and extension will have a deadline the Secretary of Energy through CAMMESA issued a document with new regulatory framework for the industry with the objective to put into operation by November of 2025 The basic idea is to rebuild the spot term markets reinstating a marginal cost system in the first one with some adjustments Generators will declare again a variable cost of production There will be three sources of remuneration energy and fuel being the spot prices determined by the market The new scheme will put focus on energy remuneration aiming to reinstate the market signal to boost investment and efficiency as well as properly reflect cost and scarcity The last concluding remark concerning the industry situation is the issuance of Resolution 67 which call for storage capacity tender process We are carefully analyzing the terms and condition of this process since we are interested in this project Moving now to Central Puerto’s corporate news and updates we recall the dividend payments of last November with the distribution of $39.47 per share we also announced in December our high-voltage transmission line project with the goal of supplying efficient reliable and competitive energy to mining companies located in the Puna region we signed an agreement with the IFC to finance the feasibility studies and project analysis we set an agreement with YPF Luz to jointly carry on the development of this remarkable project We have acquired a 27.5% stake in Tres Cruces and we have increased our equity participation in AbraSilver to 9.9% a concluding remark regarding our investment projects currently in execution the San Carlos Solar plant and the Brigadier Lopez combined cycle Brigadier Lopez is on schedule moving at a good pace while the contractor of San Carlos has presented some delays in its workflow We are currently working together to sort out issues and keep the project on track let’s skip to the Argentine electricity market picture of this quarter that will be shown on Slides 8 and 9 the country’s installed capacity reached 43,350 megawatts which means a decrease of 1% or 423 megawatts compared to the 43,773 megawatts recorded as of December 31 The variation results from the installation of new power facilities and reduction installed capacity and adjustment on repowering two power plants already in operations The contraction of 423 megawatts is composed as follows: the addition of 925 megawatts of renewable sources of which 614 megawatts correspond to wind farms and 4 megawatts to biogas power plants; then a reduction of 1,195 megawatts in hydraulic sources; and a decrease of 153 megawatts in thermal sources where a contraction was recorded in gas turbines being all partially offset by an addition of combined cycles It is worth to highlight that the decline of 1,195 megawatts in hydro in cell capacity is basically explained by a reassessment of Yacyretá’s power available between Argentina and Paraguay 50% of Yacyretá’s installed capacity is allocated to Argentina whereas it used to be approximately 88% before then Generation decreased 2% during the quarter on a year-over-year basis This decrease was driven by nuclear and hydro generation Nuclear generation decreased basically by the two-year maintenance shutdown of Atucha I which started in November and a seasonal maintenance program of Atucha II carried on between the end of September and the beginning of December Hydro generation shrunk due to a combination of two factors: the aforementioned change in the allocation of Yacyretá’s installed capacity and energy generation upon Paraguay claim; and a reduction of river flows mostly in the Uruguay and Paraná Rivers renewable and thermal generation rose 13% and 24% The growth in thermal generation led to higher fuel consumption electricity demand kept almost flat during the fourth quarter of 2024 vis-a-vis in the fourth quarter of 2023 There was a slight contraction in residential consumption almost offset by commercial and major demand Higher temperatures recorded during October of 2024 which shrunk then in November and December as a result of milder temperatures compared to equal months of 2023 And major and commercial demands both ending 2024 with a 1% decrease in their consumption though some positive interannual growth rate were observed during the second half of the year the electricity trade balance resulted in a net import situation during the whole quarter with the peak in November In line with the demand trend showcase above net imports were recorded in October and November We now go to Slide 10 to our key operating indicators for the quarter We can see that electricity generated by Central Puerto rose 5% to 5,416 gigawatt hour compared to 5,168 gigawatt hour during the fourth quarter of 2023 Hydro energy generation from Piedra del Aguila dropped 31% reaching 1,164 gigawatt hour from 1,678 gigawatt hour during the fourth quarter of 2023 This decline was primarily due to a 7% reduction in water levels of the Collón Curá River and 22% in the Limay River which both resulted in lower availability of water for generation reaching 396 gigawatt hour during the fourth quarter of 2024 compared to 410 gigawatt hour during the same period of 2023 This decline was mainly due to lower wind reserves and also some maintenance works solar energy generation reached 88 gigawatt hour during the period under analysis compared to 73 gigawatt hour during the fourth quarter of 2023 basically as a result of higher results availability Thermal generation increased 25% during the fourth quarter of 2024 compared to the fourth quarter of 2023 reaching 3,767 gigawatt hour from 3,007 gigawatt hour The growth was mainly due to higher dispatch of some steam turbines in Puerto site and some steam and gas turbines in Luján de Cuyo as well as higher generation of the Brigadier Lopez open cycle and the combined cycle of Santa Fe a higher availability and dispatch were recorded for the Mitsubishi combined cycle located in Costanera side it is worth to highlight that during the quarter some important maintenance programs were carried out in steam turbines and combined cycles especially that executed in the combined cycle located in Nuevo Puerto That maintenance lasted more than expected due to some findings recorded in the steam turbine and the generator These findings were partially settled and are expected to be completely sold-out during the next maintenance program to be carried out next September let’s move to our revenue breakdown this amounted to $168 million in the quarter as compared to $98 million in the same period of 2023 The variation in revenues is a consequence mainly of: A 61% or $29 million increase in spot market revenues driven by: a cash effect on the gap between currency devaluation and spot remuneration increases; higher thermal generation the Brigadier Lopez open cycle plant and Costanera Mitsubishi combined cycle; finally a non-cash effect on the gap between currency devaluation and inflation primarily attributed to the one-time devaluation of December of 2023 we have a 62% or $27 million increase in sales under contract driven by: higher solar generation of Guañizuil farm; higher energy sales of cogeneration units especially in the San Lorenzo plant; and also a non-cash effect on the gap between currency devaluation and inflation Those were all partially offset by lower wind generation mainly due to lower wind resource and extraordinary maintenance we have a 109% or $4 million increase in steam sales driven by higher steam production in both Luján de Cuyo and San Lorenzo facilities but substantially in the later on as a consequence of higher demand from clients As we commented in our last earnings session we expect that steam demand will continue to be higher in the future showing a new trend due to new economic activity levels in some industries we can see the dynamic of our adjusted EBITDA the group’s adjusted EBITDA amounted to $65 million pricing 44% or $20 million when compared to the fourth quarter of 2023 we can observe that the variation is mainly explained by: The previously stated higher aggregate sales driven by spot sales and sales under contracts spot remuneration increases higher than currency devaluation and a positive non-cash effect on the gap between currency devaluation inflation we have a $43 million increase in cost of sales explained basically by a rise in maintenance expenses and a real appreciation of the Argentine peso production costs were also negatively impacted by a non-cash effect on the gap between currency devaluation inflation mainly by higher fees and compensation for services related to one-time projects and the real appreciation of the Argentine peso SG&A were also negatively impacted by the so-called non-cash effect due to the gap between currency devaluation and inflation other operating results net were positive and higher than the fourth quarter of 2023 figures by $4 million basically as a consequence of insurance recovery which was partially offset by lower interest from clients due to lower CAMMESA delays and the negative non-cash effect on the gap between currency devaluation and inflation Central Puerto’s net income amounted to a loss of $28 million This is basically the result of negative impacts driven by non-cash effects We should highlight an impairment of almost $100 million higher D&A and some one-time gains from M&A transaction registered in 2023 These effects were partially offset by better results driven by the change in purchasing power of the currency due to lower inflation and higher variation biological assets we have lower funding FX difference and interest due to lower FX variation and some positive effects were recorded by the aforementioned adjusted EBITDA dynamic and net financial results which were driven by lower FX differences on financial liabilities and lower bank commissions income tax was higher due to higher income before tax we have the cash flow dynamic during the 12 months of 2024 Net cash provided by operating activities was $250 million during 2024 This cash flow arises mainly from net income for the period before income tax being all partially offset by income tax and other taxes payment Net cash used by investing activities was $160 million during 2024 This amount is mainly explained by acquisitions of property plant and equipment and inventory and acquisitions of other financial assets being all partially offset by dividends collected and the sale of property Net cash used by financing activities was $106 million during 2024 This is basically a result of long-term debt repayments interest and other long-term debt cost paid and dividends paid being all partially offset by long-term loan received and net overdraft received our total current liquidity amounts to $233 million we invite you to ask any questions to our team Operator: [Operator Instructions] Our first question comes from [Tomas Francisco] (ph) with Balanz the first one is what impact do you expect from Central Puerto from the new regulations that aim to legalize the power sector What is your view on this topic and future interest of generators to invest We are seeing different phases of the deregulation that the government are trying to establish The first one was the Resolution 21 that we explained in the script this is a minimum deregulation that allowed us to start buying some fuels and gas all the fuel and gas is provided by CAMMESA and in the past and we have a very power purchase quantity of gas and fuel we are expecting to start buying our own fuel since March it’s — CAMMESA have already set contract with the gas providers the volumes out of that are right now small volumes it’s the first phase of the regulation we can do — we can have advantages there the Resolution 21 established that we can — with new capacity we’re going to start selling power through private PPAs the demand or you have — the demand are covered by renewables we are not expecting perhaps too much new power plants building in the Resolution 21 And the other change that the government are talking about is the possibility of having certain conditions of marginality we can have some advantages of our combined cycle that are selling right now in the spot market we are seeing some improvement there since November we can have some improvement in our remuneration which is right now only at the spot market and we can have some — or we can receive some additional prices in terms of some kind of not pure marginalism but some kind of marginalism that the government are willing to establish some benefits to the equipment that are more efficient and have less — or yes are more efficient and have better availability we are seeing there some important opportunities for our most efficient combined cycles we have some opportunities in terms of buying our own fuel could be more important when the government establish the full deregulation scheme They are trying to establish more competition in the sector And I think we have — we are in the good path it’s not easy to remove in only one year but I think we have some opportunities in order to start selling new capacity to perhaps a spot or have a niche transactions in terms of the capacity but also in terms of the existing capacity have better prices for the efficient equipment that allowed us to keep maintaining those equipment and to improve those equipment we are seeing opportunities there having more flexibility not only to go to spot but have some — or cut some marginal prices somehow we are looking forward to do that to have our own fuel and gas provision we see some — also some improvement there in our remuneration The second one is you may have some small investment in mining and you also have the transmission project with YPF Luz probably some generation products in the portfolio Will we see more aggressive investment this year but we have an option for battery supply from CAMMESA we are looking first it’s a technology that we are entering but we are looking forward to participate in that auction first we are working heavily with YPF to develop the transmission line in the Puna so this is another important project for us And the cogeneration depends on not only the regulation established the possibility to establish a private contract with the demand for new capacity The thing about that is we need to have the demand when you think about the cogeneration the most important thing for the [outtaker] (ph) is the steam but we also need to have the demand for the electricity to cover that — or the complete business We have one or two projects on — we are looking at but it’s not easy to set the whole package to set the steam contract and to set the electricity contract it perhaps take more time than the other assets that we are looking and they are fully funded for this phase of developing and we are not seeing additional CapEx in this year for those projects And last one is any news on the hydro auctions They think that they could have the auction in place on February but they are confident that they’re going to have the auction in place between April So — but we are not having a specific input about how they are planning to do it and if they are 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before they were due to appear in an emergency Fair Work Commission hearing “I’m convinced that most striking workers want to pressure TasNetworks to the utmost lawful extent,” McGoldrick said “And they’ll be free to resume that once this weather event’s passed and resulting outages have been resolved.” “But I’m equally convinced that most of our people want to serve and support Tasmanians in times of need and feel a great sense of pride and duty in doing so.” The emergency event declaration will come to an end after all repair and reconnection work needed as a result of imminent storms has been completed Earlier: TasNetworks is taking the Communications Electrical & Plumbing Union (CEPU) to the Fair Work Commission accusing union officials of breaching an industrial action agreement The company says the union made a written commitment on August 14 that CEO Sean McGoldrick could call a declared incident in the event of emergency situations and they would stop strike action McGoldrick made such a declaration on Sunday evening ahead of impending strong winds and wet weather forecast for Tuesday the union reportedly instructed members to ignore the declaration and continue industrial action rather than return to work “If the union breaks its earlier commitment and defies our declaration it’s condemning and abandoning potentially thousands of Tasmanians to the misery of long outages,” McGoldrick said “Common decency dictates that you keep your word … and compassion dictates that you don’t leave innocent Tasmanians at the mercy of storm damage and resulting outages.” Minister Eric Abetz said the action by the CEPU seeking a 35% wage increase “will leave most Tasmanians scratching their heads” “An old man falling over with no lights on in his house because of their action Cows dying as I understand it because of equipment not working on farms,” he said “There are consequences for individuals and small businesses.” A hearing before the Fair Work Commission is scheduled for 5pm on Monday CEPU offical Chris Clark on Saturday said the issue of pay has been ‘boiling away’ for over 20 years the CEO and the Minister and the Premier want to come to the table with a pay parity deal we’re more tham happy to look at it [and] take it back to our members,” he said Send your photos, videos and tip-offs to[email protected], use our News Tips form or call and leave us a message on 03 6124 2526 Pulse Tasmania is published by Pulse Media Group Pty Ltd The Cepu oil-and-gas block on Java Island is one of Indonesia’s major discoveries and developments in recent years but its story reveals both potentials and problems in exploration and production activities in this South Asian country and will draw more attention as it gains a full-scale production located about 550 km east of Jakarta (Indonesia’s capital) and 150 km east of Samarang (the capital of Central Java province) overused basin until February 2001 when Mobil Cepu Ltd. a local subsidiary of ExxonMobil and a collaborator with Indonesia’s state oil company Pertamina discovered the Banyu Urip Field (discovery well Banyu Urip #3 at a depth of 1737 m) The concession for the Cepu block was first granted in 1990 to Australian Ampolex and Indonesian Humpuss Patragas (a company headed by Tommy Suharto the youngest son of Indonesia’s former dictator) ExxonMobil purchased the rights to the Cepu field in 1998 (the same year Exxon and Mobil merged) and utilized high resolution 3-D seismic for subsurface mapping The discovery well tested oil at a rate of 3,817 barrels per day (bpd) from the Middle Miocene carbonate Kujung Formation and 463 bpd from the overlying Ngrayong sandstone member Both ExxonMobil and Petramina were excited of this discovery “The discovery in the BU-3 well is one of the most significant oil findings in Indonesia in the past decade,” Pertamina said in a press release (Jakarta Post ExxonMobil and Pertamina became engaged in years-long negotiation and competition over share and operation the newly elected President Susilo Bambang Yudhoyono decided to fire Pertamina’s board A 30-year producing sharing contract signed by ExxonMobil and Pertamina in that year gave each party 45% share and the remaining 10% went to the four local governments in East and Central Java (distributed 6.7% and 3.3% Field development was estimated to cost $2.7 billion Although Java is mainly a Cenozoic volcanic island formed from the subduction of the Australian plate beneath the Asian plate its sedimentary basins have been shaped by back-arc rifting and compressional folding and its equatorial position has resulted in excellent carbonate reef reservoirs The classic Kujung carbonates show porosity of 20-30% and permeability of up to 200 millidarcy (locally enhanced by fracturing) Source rocks for the Kujung pools are probably the Eocene-age shale and coal deposits of Ngimbang Formation and the shale beds of the Miocene Tuban Formation have acted as top seals test production from Cepu’s main Banyu Urip field began with six wells (including two water-gas re-injection wells) and at a rate of 800 bpd (the production capacity was reported to be 20,000 bpd in April this year) the field’s development and production schedule have been delayed due to logistic hurdles including problems in construction of a pipeline to flow oil to a nearby gas-oil separation plant ExxonMobil’s land men had to negotiate with 3,000 landowners who owned 4,000 plots (each plot in the area is about one hectare on average) Both Indonesia and ExxonMobil consider the Cepu block a huge opportunity It has been reported as one of ExxonMobil’s top 10 projects worldwide Indonesia is eager to bring Cepu on full stream as it is struggling to boost its oil and gas production and to attract foreign investments (partly because of complex regulations and logistics) Although it ranks as the world’s 25th and 10th in terms of oil and gas reserves Indonesia’s production has significantly decreased over the years (from 1.5 MMbpd in the 1990s to 0.83 MMbpd early this year) as many of its fields have aged in 2008 the country had to quit OPEC as it had become a net importer of crude oil since 2003 The Cepu block (including the Banyu Urip and Jambaran fields) is expected to produce 16,500 to 18,000 bpd by 2012 The block is estimated to contain up to 600 million barrels (6.7% of Indonesia’s total known reserves) and 1.7 Tcf of natural gas Java’s gas fields usually contain up to 5% carbon dioxide; the Jambaran field has been reported to contain as much as 30% carbon dioxide whose separation will add to production costs Reelection of the open market-friendly President Yudhoyono this past July will perhaps boost Indonesia’s petroleum industry and investments including the development of the Cepu block a surprising but rewarding discovery in a mature basin Henk KombrinkHenk.Kombrink@geoexpro.com+44 77 8899 2374 Sales DirectorIngvild Ryggen CarstensSales Enquiries+47 974 69 090 Damon Evans Production and reserves at ExxonMobil’s (NYSE:XOM) giant Cepu Block – rumoured to be a divestment candidate – have exceeded expectations reported Indonesian upstream regulator SKK Migas which started up in 2016 and is Indonesia’s largest oil production area beating the target of 450 million barrels in the initial plan of development (PoD) with a total investment of around IDR 57 trillion ($4 billion) Cepu has produced 500 million barrels of crude oil and contributed more than IDR 249 trillion to state revenue in the form of crude oil and taxes,” said head of SKK Migas the Banyu Urip field reserves also increased to 940 million barrels an increase of more than double from the initial PoD estimate of 450 million barrels the plateau production period was estimated to last for about two years with an annual average production level of 165,000 barrels of oil per day (BOPD) Since the full facility started in January 2016 peak production can be achieved for approximately 5 years at 185,000 to 225,000 BOPD including an additional 10,000 BOPD from the Kedung Keris field since December 2019,” said Dwi “Banyu Urip has been at peak production for 5 years 3 years longer than originally anticipated now the field is experiencing a natural reservoir decline due to the nature of natural reservoirs that are generally accepted throughout the world,” he continued Dwi said that his organisation continued to work together with ExxonMobil to maintain the level of production decline that occurred we are actively coordinating to maintain the production level of the Cepu this is done considering that Cepu is one of the backbones in the effort to achieve national production of 1 million BOPD in 2030,” he explained US supermajor ExxonMobil said it is planning to restart exploration drilling at its giant Cepu Block in Indonesia despite rumours that it is looking to divest its interest one of Southeast Asia’s biggest oil developments is Indonesia’s largest oil producing block ExxonMobil holds 45% of the total participating interest in the Cepu Block onshore east Java officially known as the Cepu Cooperation Contract (KKS) operated by ExxonMobil will continue until 2035 The Cepu Cooperation Contract (KKS) was signed on 17 September 2005 and covers the Cepu contract area in Central Java and East Java PT Pertamina EP Cepu and four local government companies PT Blora Patragas Hulu (Blora) and PT Petrogas Jatim Utama Cendana (East Java) together constitute the Contractor under the Cepu KKS UPDATE – 5PM: The AFL has rescheduled Saturday’s game as a result of the industrial action The game has been moved from 4:40pm to 12:30pm to avoid the need for stadium lighting The AFL say moving the game to Melbourne or Hobart’s Blundstone Arena posed too much of a logistical challenge EARLIER: TasNetworks is “confident” the lights will stay on at Inveresk’s UTAS Stadium for the AFL clash between Hawthorn and North Melbourne on Saturday despite industrial action by union members The concerns comes after a 36-hour power outage in the Launceston area this week with the lengthy delays in restoration blamed on strike action by the Communications Chris Clark from the CEPU refused to guarantee power supply to the stadium during the match saying it was TasNetwork’s responsibility the minister and the CEO are the ones that need to commit that the power will be on for that game,” Clark said TasNetworks CEO Sean McGoldrick said he is “confident the game will be fine” and confirmed the company was “taking some precautions to help safeguard it” “The power is on at the UTAS Stadium… Our network is secure,” he said CEPU members began industrial action in early August after negotiations over pay increases stalled The union is demanding pay parity with their mainland counterparts TasNetworks’ current offer is a 7% increase which would increase the base line-worker salary to nearly $100,000 McGoldrick said he doesn’t believe action “should go to such extremes as to cast any doubt on major events” It is understood the AFL is exploring potentially moving the game to Melbourne or to Blundstone Arena in Hobart a ‘last-resort’ The match on August 24 is the final game to be played in Launceston during the 2024 AFL season Send your photos, videos and tip-offs to[email protected], use our News Tips form or call and leave us a message on 03 6124 2526 The Banyu Urip oilfield located within the Cepu Block in Bojonegoro is estimated to hold more than 450 million barrels of oil within the Oligo-Miocene carbonate and Middle-Miocene clastic reservoirs The field was discovered in April 2001 and was appraised by drilling six wells The project development plan was approved by the Minister of Energy and Mineral Resources in July 2006 Initial production of limited quantities started in the field in December 2008 and the early production facility (EPF) with a production capacity of 20,000 barrels per day (bpd) Construction activities for the Banyu Urip Full Field Development started in December 2011. The project was 90% complete by August 2014, and peak production of 165,000bpd from the field was achieved in 2016. The oilfield is estimated to account for around 20% of Indonesia‘s overall oil production The overall investment in the project has reached $ 2.52bn $2.18bn of which has been spent for the construction of production facilities Duri oil field is approximately 18km long and 18km wide in the South Sumatra Basin on the eastern coast of Sumatra A 30-year production sharing contract for the Cepu Block was signed in September 2005 PT Pertamina (Persero) and the Indonesian Government operates the field while also holding a 45% interest Other development partners include PT Peryamina subsidiary Pertamina EP Cepu holding a 45% interest and Badan Kerja Sama Blok Cepu (BKS) holding a 10% interest The oilfield is being developed under five separate engineering procurement and construction (EPC) contracts The treated oil will be transported through a pipeline to the coast at Tuban and further through a subsea pipeline to a floating storage and offloading (FSO) vessel where tankers will transport the oil to domestic and international markets EPC 1 involved the installation of the central processing facility (CPF) including three wellpads for the drilling of 45 wells and a flowline from the wellpads to the CPF The CPF for Banyu Urip field came on stream in December 2015 It further involves the installation of a sour crude processing and stabilisation system with a capacity of 185,000bpd crude storage facility with a 125,000bpd storage capacity a fuel gas treatment plant and a power generation plant EPC 2 entails the installation of an onshore insulated pipeline EPC 3 primarily involves the installation of a 2,600t mooring tower at a water depth of 33m and laying of a 23km-long and 20in-diameter offshore export pipeline integrating polyurethane foam insulation from the Tuban shoreline to the mooring tower EPC 4 involved in the conversion of the MT Chios very large crude carrier (VLCC) into a floating storage and offloading (FSO) vessel The FSO was renamed Gagak Rimang in August 2014 and is 327m-long and 58m-wide Gagak Rimang has a minimum storage capacity of 1.7 million barrels offloading rate of 30,000 to 50,000 barrels an hour with a capacity to accommodate a tanker with a deadweight measuring between 50,000dwt and 300,000dwt The FSO can accommodate between 60 and 70 crew members EPC 5 involves the construction of infrastructure facilities comprised of a river water intake facility a 5.5 million cubic metre riverwater retention basin Water injection wells increase the production from the field by maintaining pressure in the reservoir and convey the oil to the producing wells The required injection water is sourced from the Bengawan Solo River Natural gas produced along with the crude oil is used for power generation at the CPF The main contractor for the EPF was Exterran Technical support services were provided by Kentz and the foundation works for the facilities were carried out by Excel Engineering The $746.3m EPC 1 contract was awarded to Tripatra Engineers & Construction and Samsung Engineering and the EPC 2 contract was awarded to PT while Scorpa Pranedya and Sembcorp Marine’s subsidiary Sembawang Shipyard were awarded the EPC 4 contract The towage of the FSO from the shipyard to the offshore site was performed by Posh Terasea Two dehumidifier containers for the FSO were designed and supplied by Compass Energy Approximately 450 national and local sub-contractors are involved in the project The contract to design and procure a tower yoke mooring system for the project was awarded to Sofec Give your business an edge with our leading industry insights View all newsletters from across the GlobalData Media network Electrical and Plumbing Union (CEPU) state organiser Chris Clark with striking union members last month Picture by Ben SeederIndustrial action by TasNetworks employees appears to be at an end after workers narrowly approved the company's revised pay offer in a protected ballot held over the past week All articles from our website & appThe digital version of Today's PaperBreaking news alerts direct to your inboxInteractive Crosswords Sudoku and TriviaAll articles from the other regional websites in your areaContinueEmployees voted 459 to 440 votes to accept the offer which includes a 14 per cent pay increase over three years a one-off payment of $6000 and increased parental leave TasNetworks chief executive officer Sean Mc Goldrick said the pay deal rewards workers while keeping Tasmanian power bills in check "We know team members will have different views on this result This has been a stressful time for our people and we look forward to moving on together," he said Over 98 per cent of eligible workers voted in the ballot "This was an incredibly close vote that demonstrates how passionate our people are about the terms and conditions of the Enterprise Agreement." TasNetworks chief executive officer Sean Mc Goldrick has welcomed the outcome of the ballot Electrical and Plumbing Union (CEPU) state organiser Chris Clark who last month urged his members to reject the offer said the union would begin "scrutinizing the vote" "We do have some concerns around a range of issues that we will be exploring with Fair Work," he said "There's a couple of things that they did that we need to explore whether or not they have potentially misrepresented workers rights under the Fair Work Act which could have potentially hammered our vote no campaign "Even if this vote is successful after scrutiny all they have done is kick the can down the road for three years time." He accused TasNetworks management of using a divide and conquer tactic to win the vote He said management had exploited the competing interests of the company's office-based "inside" workers and the "outside" workers that go out to fix the electricity network "It's a bargaining tactic that the company has used for the last 20 years where they play one group of workers off against another," he said "The majority of those people that voted 'yes' are in the cohort of people that we have said are probably [already] on pay parity with the mainland "But it leaves the other 49.8 per cent of people who aren't who have their wages suppressed via this tactic." He said TasNetworks ignored union demands for a separate enterprise agreement with "outside" workers "The issue of a separate agreement hasn't gone away all it's done is postponed it for three years we'll see a dispute that's far more reaching than the one that we've already had." The CEPU has maintained that a 35 per cent pay increase is required to get its 'outside' members up to pay parity with the average of their mainland counterparts but that assertion was rejected by TasNetworks The company claimed that its employees on average are paid in the middle of the pack in terms of national grid companies and that its overall pay compares well to average Tasmanian salaries CEPU members commenced strike action in August with Mr Clark saying it was a "last resort" after requests for pay parity with mainland power lines workers were ignored by management The strike had immediate consequences, causing major power outages in Launceston and across the North-West Coast. The union later agreed to suspend the action as a major storm approached Tasmania Dr Mc Goldrick said TasNetworks will now work through the Fair Work Commission to implement the new enterprise agreement *Pay increase of 14 per cent over three years *Paid parental leave of 15 weeks for both parents *Days off during Christmas and New Years Day no longer charged as annual leave Today's top stories curated by our news team Grab a quick bite of today's latest news from around the region and the nation Catch up on the news of the day and unwind with great reading for your evening Get the editor's insights: what's happening & why it matters tips & travel writing to transport you around the globe Your weekday morning newsletter on national affairs Your essential national news digest: all the big issues on Wednesday and great reading every Saturday Let the ACM network's editors and journalists bring you news and views from all over reviews and expert insights every Thursday from CarExpert Your digital replica of Today's Paper Test your skills with interactive crosswords Western Power says it is prepared for industrial action by the Communications, Electrical & Plumbing Union (CEPU) which commenced this week with measures in place to minimise any potential impact to the community Western Power Executive Manager Asset Operations Sam Barbaro said that while Western Power respects the rights of employees to take industrial action it was extremely disappointed by the CEPU’s decision to hold a series of partial work bans and work stoppages “We’ve been negotiating in good faith with the CEPU for almost a year and our focus has always been on reaching an enterprise agreement that is fair and reasonable for our employees and in line with community expectations industry standards and the current State Wages Policy,” he said “The union’s decision to take industrial action will have detrimental consequences for the community as it will not only affect planned maintenance and project work it may also delay fault repairs and restoring power Related article: APPEA says Federal Budget a mixed bag “We’ve put measures in place to limit the impact and to support all employees in our daily operations who are inadvertently affected by these bans in particular those homes and businesses affected by cyclone Seroja that we’re taking whatever steps we can to ensure that the significant recovery work being done continues as the union will not provide an undertaking that this work will not be affected we can’t guarantee there won’t be delays to restoration.” “There are around 720 homes and businesses remaining without power and there are around 500 poles still to repair so we’re hoping that this industrial action doesn’t unnecessarily prolong the reconnection of these customers who’ve now been without power for four weeks.” Related article: Stanwell appoints acting CEO Western Power says it remains open to further meetings with the union Western Power considers that the nature and the magnitude of the CEPU claims are not in line with industry standards or community expectations Western Power’s position has always been consistent with the State Public Sector Wages Policy which allows for an annual wage increase of $1000 per employee Western Power said its response to any industrial action will be conducted in accordance with the Fair Work Act 2009 This can include employees being locked out if they engage in work bans or if their work duties are affected by such bans “We are also legally obligated by the Act to dock employee pay where they participate in industrial action,” Western Power said in a statement Sign up to receive the latest Energy News emailed directly to your Inbox Click Here to Subscribe He signed off emails Daddy Cool. But Jim Metcher was an abusive bully Over the course of a three-decade marriage the union leader waged mental and physical warfare on his wife Read MoreIndustrial relationsLatest In EconomyFetching latest articles The embattled plumbing union and its top ranking officials Earl Setches and former president Tony Murphy have been accused of repeatedly humiliating an indigenous organiser calling indigenous apprentices "Abos" and "black fellas" and housing them in substandard properties with rats The racial discrimination claim filed in the federal court raises questions over the union's indigenous employment program which received up to $50,000 a year in federal government funding over a decade ABC News News HomeAustralia Post delivery contractors underpaying workers CEPU union claimsShare Australia Post delivery contractors underpaying workers CEPU union claimsBy Madeleine Morris7.30 Australia Post says it pays contractors enough money to ensure posties and parcel drivers are paid entitlements Link copiedShareShare articleSome Australia Post contractors in Victoria are underpaying post and parcel delivery drivers not paying superannuation and employing foreign students in contravention of visa restrictions "The failure to pay awards wages and superannuation and workers' compensation is very widespread and it's becoming increasingly so as overseas student labour is used more," CEPU Victorian branch secretary Joan Doyle told the ABC's 7.30 program Two former parcel drivers for Melbourne-based contractor Harmony Xova lodged a claim in the Federal Court for superannuation and additional wages they believed they were owed who asked only to be referred to by their first names worked for Harmony Xova for nearly six months and for three years respectively The men claimed they were not paid superannuation or penalty rates for their early starts and did not receive holiday pay or sick pay They also claimed they were not paid for the two to three hours it took every day to sort parcels Do you know more about this story? Email 7.30syd@your.abc.net.au Harmony Xova declined to be interviewed but their lawyers argued in a letter provided by the union to the ABC the men were not employees and "consequently there can be no question of under-award payment". Australia Post, however, said it paid contractors enough money to ensure posties and parcel drivers were paid superannuation and other entitlements. Joan Doyle of the CEPU argues Australia Post is deliberately turning a blind eye to contractors cutting corners. (ABC 7.30) "Our tender price is set to ensure that is met," Catherine Walsh, Australia Post's general manager of human resources, said. "If the organisation isn't passing that on, that is a matter for them and their workers." Ms Walsh insisted Australia Post had a robust process to ensure employment obligations were met, and said it investigated if claims of breaches of employment law were brought to the company's attention. But Ms Doyle argued Australia Post was deliberately turning a blind eye to contractors cutting corners. "I think Australia Post are getting very cheap labour out of this system of work, and so it suits them not to ask any questions, and for them to say 'oh well our hands are clean because we've contracted out the work'," she said. She said regardless of whether the drivers were employees or subcontractors, they should receive superannuation and award wages. Harmony Xova declined repeated requests to respond to the claims. The CEPU also claimed there was an increase in foreign students being employed by Australia Post contractors as full-time workers, in contravention of visa restrictions which limit them to working 20 hours a week. An Indian student, known as Daljit, spoke to the ABC on the condition his identity was concealed. He said ... if it's too much mail, just leave it in the post bin, or in [Zion Group's] garage. He claimed he was initially hired to work just more than 20 hours a week for Melbourne-based contractor Zion Group, but was swiftly asked to work full-time. He feared losing his job if he said no. Daljit said he struggled to deliver all his mail, despite sometimes working eight or 10-hour days. He claims his boss, Mohan Perera, then asked him to do something unorthodox. "He said ... if it's too much mail, just leave it in the post bin, or in [Zion Group's] garage. He said 'I will collect it from there'," Daljit said. Daljit then said Mr Perera asked him to take the mail to his home. Daljit admits he held approximately 30 bundles of mail at his home for about one month. When he became worried he decided to confide in his Australia Post supervisor, a move which cost him his job with Zion Group. Australia Post then launched an investigation, and Zion Group lost two delivery contracts. However, it still has eight remaining. Daljit lodged a claim for a month's wages he said he was still owed by Zion Group in the Magistrate's Court. The ABC also spoke to another Indian student who claimed he worked full-time for Zion Group as a postman, despite his visa restrictions, but was also not paid for some of his work. Mr Perera declined to be interviewed for this story, citing a police investigation into the matter. However, Australia Post said any alleged impropriety by contractors was an exception. "We have been contracting for the last 206 years and what you've put to me just now is a handful of situations that we are dealing with, that we are investigating and that we take very seriously," Ms Walsh said. "To suggest that it is systemic or endemic is something I reject." Topic:Food and Beverage Processing Industry AEST = Australian Eastern Standard Time which is 10 hours ahead of GMT (Greenwich Mean Time) In South Australia SA Power workers achieved an incredible win after more than two years fighting for a fair go. After 27 months with 25,000 hours of protected industrial the workers have voted up a union-endorsed enterprise agreement by 91%. South Australian electricity distribution company SA Power Networks and their contracting business Enerven, both owned by Utilities Management Pty Ltd (UMPL) tried to undermine the employment stability and wage security of their workforce for over two years. UMPL tried to force radical change on its workforce, attempting to introduce 20% reduced wages for new workers and attempting to split the enterprise agreement (EA) into two to obtain financial and "flexibility" benefits through the EA negotiation process. The workers were resolute in the face of these challenges. The workforce of 2200 voted down four non-union endorsed EA proposals and Union members took protected action for over 12 months in defence of their industry. The regulated work program was pushed back by an estimated $120M and the workers amassed 25,000 strike hours in the process. Co-ordinated strike activities put immense pressure on UMPL, who were also defending court actions that were taken by the Union to contest the splitting of agreements. The Union won in court, proving that the company was not bargaining in good faith and making sure the agreement was not split. Throughout this campaign the workers took action and organised at the ground level with worker engagement and delegate structures growing and strengthening. The Network Operations Centre (High Voltage Control Centre) also took action for an extended period in protection of the industry. After 27 months an in-principal agreement was reached and endorsed by our Union, and voted up with a 91% yes vote in September. All of the attacks that were waged on the workers were defended and a single EA covering all workers was agreed. The new agreement delivers annual 3.5% wage and allowances increases, and importantly comes with full back pay applied to all overtime, leave and allowances since bargaining commenced more than two years ago. "This win should not be underestimated," said CEPU SA State Secretary John Adley. "UMPL employees have defeated a highly resourced multinational corporation through a concerted industrial action campaign and multiple wins by the unions in the Fair Work Commission. "All those Union members that sacrificed pay and stood up to take industrial action are owed a debt of gratitude by those who will benefit into the future." Negotiations for the next agreement kick off in just 12 months. After this campaign, we think the next negotiations will be much more civil, but if not, our members are more than prepared for whatever comes their way. Thank you to all of our members for all their effort. This dispute proves once again that collective action of workers can and will defeat multinational corporations. People power works. Accused union leader Jim Metcher has stepped down as head of his union in the face of revelations about his domestic violence history. The temporary resignation occurred as The Australian Financial Review was preparing to publish claims that Mr Metcher who was accused of beating up his wife and daughter was so aggressive towards Australia Post senior managers that the company introduced strict rules limiting his contact with staff the Communications Electrical and Plumbers Union (CEPU) emailed Australia Post (AP) workers informing them that the last remaining COVID-19 safety measures at the state-owned mail service would be ended The union wrote: “As COVID restrictions continue to be relaxed and our society returns to some sort of post-COVID ‘normality,’ Australia Post has ceased contactless delivery arrangements Postal workers must now hand their scanners over to customers to sign the touch screen when accepting parcels This will heighten the chances of infection and other members of the public in a dangerous situation The CEPU email says that postal workers who are severely immunocompromised can seek an exemption from their facility manager This will require workers to provide written advice from a doctor who has “reviewed the signature on delivery process,” stating “that this requirement would pose an unacceptable risk to your health.” will only be possible “whilst COVID-19 restrictions still exist within Australia.” With virtually all public health measures already torn down it is likely that soon even advice from a medical professional confirming an “unacceptable risk” to a worker’s health will not be sufficient grounds for an exemption notified workers of this change is a stark expression of the union leadership’s complete disregard for the health and lives of their members It also illustrates the role of the union as an arm of management The company initially attempted to end contactless delivery on August 19 but faced such hostility from workers that it was forced to back down within hours The CEPU claimed credit for the about-face declaring at the time that the “unreasonable directive put members at an imminent unnecessary and avoidable risk of contracting COVID-19.” the union had assumed the leading role in slashing the safety measure having likely assured AP the CEPU was better placed than management to implement the change without stirring up opposition from workers the CEPU was aided in delivering this management demand by the relentless government and media propaganda campaign insisting that COVID-19 is a thing of the past Since the first attempt to end contactless delivery the Labor-dominated “National Cabinet” has ended daily reporting of infections and deaths in every state except Victoria as well as the requirement for individuals to report positive rapid antigen tests mandatory isolation periods for people infected with COVID-19 have been eliminated around the country These moves were welcomed by AP management At recent workplace briefings workers were told that if they contract COVID-19 they should simply treat it as a normal cold or flu Any time off work due to infection with the highly transmissible and deadly virus will be deducted from their normal sick leave balance With virtually all public health measures abandoned and the constant evolution of new variants workers face the prospect of one COVID-19 infection after another leaving unpaid time off as their only option Amid soaring inflation and successive interest rate rises and many will be compelled to continue working knowing they are putting their coworkers at risk which will undoubtedly lead to waves of infection sweeping through AP facilities effectively giving management a green light has played the central role in suppressing the opposition of workers to the removal of COVID-19 restrictions and forcing workers to remain on the job while working closely with management to cover up workplace infections the New South Wales Liberal-National government announced lockdowns in several Sydney “hotspots” where infection figures were highest the unions went hand-in-hand with big business to lobby the government for exemptions to keep facilities operating despite the danger to workers health and safety AP management seized upon the pandemic as a phoney pretext to implement the Alternative Delivery Model (ADM) which had nothing to do with the health and safety of workers but was instead designed to cut costs and shift resources from letters to the more lucrative parcel division with a view to future full or partial privatisation The CEPU was instrumental in imposing and suppressing opposition to the ADM which massively increased workloads and resulted in thousands of workers leaving AP The union signed a memorandum of understanding with management delaying enterprise bargaining negotiations for a year which had the effect of making it illegal for workers to strike against the restructure The ending of the ADM was not the product of a union campaign against the hated model but of the ADM’s failure to deliver the financial and structural outcomes management demanded is not a return to a mythical “golden age,” but a renewed offensive driven by the same profit motives as the ADM Workplace health and safety is again being used as a cover this time to introduce stepped-up monitoring and surveillance of postal workers throughout their shifts both inside AP facilities and on their delivery rounds The data collected through these mechanisms will be used to scrutinise workers’ every move as the basis for disciplinary action and to demand ever-increasing “productivity.” have infected more than ten million people in Australia and killed more than 13,350 The conditions have now been set for a further escalation of COVID-19 infections throughout the working class Epidemiologists are warning that with the growth of new vaccine-resistant variants and their rapid and uncheck global spread workers everywhere confront a high chance of reinfection with the danger of severe illness and debilitating Long COVID increasing with each subsequent infection The CEPU’s endorsement of the axing of contactless delivery and the dangerous lie that COVID-19 is like the flu is just the latest reminder that workers cannot entrust their health and safety to the union or management postal workers must take matters into their own hands and form rank-and-file committees in every facility to monitor COVID-19 along with all other workplace health and safety issues These committees must take responsibility for demanding that mitigation measures—including ventilation carbon dioxide monitoring and N95 masks—are implemented and ensuring all workers are informed of the ongoing danger of the pandemic In the event of COVID-19 infections inside the facility must assess the situation and determine what steps must be taken including PCR testing of the entire workforce But postal workers cannot protect themselves and their families from the deadly pandemic simply through their own actions rank-and-file committees at AP must reach out to the other sections of “frontline” workers to demand the reinstatement of public health measures across Australia what is required is a fight by the international working class informed by the best available scientific and medical advice We urge Australia Post and other delivery workers to contact the Postal Workers Rank-and-File Committee today to discuss this perspective and the formation of rank-and-file committees Add articles to your saved list and come back to them any time The management committee of the NSW postal union will meet on Friday to discuss the future of its boss Jim Metcher who stepped down from his position on Thursday in response to revelations he faced domestic violence charges nine years ago Plumbing and Allied Services Union of Australia (CEPU) said Mr Metcher voluntarily stood aside late on Thursday CEPU NSW leader Jim Metcher is opposing broad requests for police records about his conduct after he failed to disclose charges for domestic violence to Fair Work.Credit: Getty Images He stepped down from all honorary positions and as secretary of the NSW Postal & Telecommunications branch of the CEPU Mr Hicks said the NSW branch committee of management that governs the NSW Postal & Telecommunications branch will meet on Friday to assess the facts and circumstances surrounding allegations made against Mr Metcher Electrical and Plumbing Union and suspended his Labor party membership as his branch committee management investigated the allegations against him of violent behaviour "This examination will look into the matters raised regarding a domestic incident that occurred nine years ago along with the subsequent case heard before the Blacktown Local Court It will also examine matters relevant to an examination by the Fair Work Commission." "The union will not speculate on what steps may occur following this process as it would be unfair to prejudge the results of this examination." Mr Metcher agreed to stand down from his position on the executive of Unions NSW's disputes committee NSW Labor also suspended Mr Metcher from the Labor Party and as a member of its powerful administrative committee on Tuesday who is the acting CEPU NSW state secretary said in a statement that Mr Metcher on Thursday volunteered to stand aside while the union looks to "verify the facts" surrounding accusations about him "Jim has been a committed leader of this Union for more than 20 years and has determined to put the interests of the Union's members Federal Labor deputy leader Tanya Plibersek had called on the CEPU to sack Mr Metcher as state secretary after Labor had "kicked him out" of the party Mr Metcher has said the allegations against him were a "re-hash of slurs" levelled against him by political factions within his union for many years He said the allegations had been "extremely distressing to both myself and my family" "I have never pleaded guilty of or been convicted of offences that would make me unfit for exercising the duties of a union secretary under the Fair Work Act," Mr Metcher said "I have sought legal advice over these allegations and I will reserve my rights if these false allegations are published." The Australian Financial Review has reported that records from the NSW Department of Justice say Mr Metcher's guilty pleas were accepted, despite charges being dismissed under the Mental Health (Forensic Provisions) Act. The Australian Financial Review has reported the registrar for Blacktown Local Court also confirmed Mr Metcher had pleaded guilty but with no conviction recorded, and that a fact sheet said Mr Metcher was "the aggressor in a 27-year-long domestic violence lifestyle with his wife". A statement from Mr Metcher's wife Margaret, daughter Kylie and son Nathan said reporting of the domestic violence incident had been "deeply distressing for all of us". "The incident that has been reported occurred more than nine years ago when the family was going through some very difficult times," the statement said. "However, the way this very personal and private incident has been reported is grossly inaccurate and done without any attempts to: a) seek verification from us, or b) have regard for us, as apparent victims. "Our husband and father took full responsibility for his actions and voluntarily entered a process of treatment and self-reflection. He has managed to rebuild his relationship with all of us and our family has emerged stronger through this distressing experience. "This is a story of family violence intervention working and our father and husband has shown strength and resilience in dealing with the issues that confronted him. This incident does not define our family, or who we are." The management committee of the NSW postal union will meet on Friday to discuss the future of its boss Jim Metcher, who stepped down from his position on Thursday in response to revelations he faced domestic violence charges nine years ago. Allen Hicks, National Secretary of the Communications, Electrical, Electronic, Energy, Information, Postal, Plumbing and Allied Services Union of Australia (CEPU) said Mr Metcher voluntarily stood aside late on Thursday. He stepped down from all honorary positions and as secretary of the NSW Postal & Telecommunications branch of the CEPU. Mr Hicks said the NSW branch committee of management that governs the NSW Postal & Telecommunications branch will meet on Friday to assess the facts and circumstances surrounding allegations made against Mr Metcher. \\\"This examination will look into the matters raised regarding a domestic incident that occurred nine years ago, along with the subsequent case heard before the Blacktown Local Court. It will also examine matters relevant to an examination by the Fair Work Commission.\\\" \\\"The union will not speculate on what steps may occur following this process, as it would be unfair to prejudge the results of this examination.\\\" Earlier this week, Mr Metcher agreed to stand down from his position on the executive of Unions NSW's disputes committee. NSW Labor also suspended Mr Metcher from the Labor Party and as a member of its powerful administrative committee on Tuesday. Shane Murphy, who is the acting CEPU NSW state secretary, said in a statement that Mr Metcher on Thursday volunteered to stand aside while the union looks to \\\"verify the facts\\\" surrounding accusations about him. \\\"Jim has been a committed leader of this Union for more than 20 years and, as always, has determined to put the interests of the Union's members, and his family, first,\\\" Mr Murphy said. Federal Labor deputy leader Tanya Plibersek had called on the CEPU to sack Mr Metcher as state secretary after Labor had \\\"kicked him out\\\" of the party. Mr Metcher has said the allegations against him were a \\\"re-hash of slurs\\\" levelled against him by political factions within his union for many years. He said the allegations had been \\\"extremely distressing to both myself and my family\\\". \\\"I have never pleaded guilty of or been convicted of offences that would make me unfit for exercising the duties of a union secretary under the Fair Work Act,\\\" Mr Metcher said. \\\"I have sought legal advice over these allegations and I will reserve my rights if these false allegations are published.\\\" The that records from the NSW Department of Justice say Mr Metcher's guilty pleas were accepted, despite charges being dismissed under the Mental Health (Forensic Provisions) Act. The Australian Financial Review has reported the registrar for Blacktown Local Court also confirmed Mr Metcher had pleaded guilty but with no conviction recorded, and that a fact sheet said Mr Metcher was \\\"the aggressor in a 27-year-long domestic violence lifestyle with his wife\\\". A statement from Mr Metcher's wife Margaret, daughter Kylie and son Nathan said reporting of the domestic violence incident had been \\\"deeply distressing for all of us\\\". \\\"The incident that has been reported occurred more than nine years ago when the family was going through some very difficult times,\\\" the statement said. \\\"However, the way this very personal and private incident has been reported is grossly inaccurate and done without any attempts to: a) seek verification from us, or b) have regard for us, as apparent victims. \\\"Our husband and father took full responsibility for his actions and voluntarily entered a process of treatment and self-reflection. He has managed to rebuild his relationship with all of us and our family has emerged stronger through this distressing experience. \\\"This is a story of family violence intervention working and our father and husband has shown strength and resilience in dealing with the issues that confronted him. This incident does not define our family, or who we are.\\\" Contractors have been installing fibre optic cable as part of the NBN rollout Link copiedShareShare articleThe union representing workers on the National Broadband Network (NBN) says there needs to be an independent audit of all future work involving asbestos-contaminated Telstra pits being used for the NBN Asbestos was disturbed in three pits in Penrith last month as contractors were preparing to lay fibre optic cable for the NBN with many residents forced to evacuate from their homes amid frustration over the amount of time NBN Co and Telstra took to respond to the issue asbestos in pits has been uncovered in Victoria while there was also a complaint about a possible safety breach in Tasmania Electrical and Plumbing Union (CEPU) wrote to both Telstra and NBN Co yesterday calling on them to immediately stop all remediation work on pits and pipes until it is sure its workers will be protected CEPU spokesman Allen Hicks says Telstra responded saying that has already happened Union secretary Peter Tighe says a meeting today will develop a protocol on how work in the asbestos-affected pits in neighbourhoods around the country should be carried out He has warned the union will take action if those protocols are not followed he says he is assured by the actions of Telstra and the NBN over the problem Mr Tighe says all future work has to be closely monitored "We want independent compliance - that is someone independent of both bodies to monitor and do the checks in relation to this work," he said "There is a vested interest here and we need to make sure it's done completely in an unbiased manner and done with people with the capability to ensure that unsafe work doesn't continue." Telstra has already tracked down the four contractors who were involved in the work in the western Sydney suburb of Penrith and they have been sent for asbestos-related medical testing The Asbestos Disease Foundation's Barry Robson attended a meeting last night between Telstra and the families who have been affected by the asbestos scare Some are staying in hotels and refusing to return home until their demands are met The residents drew up a document of all the things they want," Mr Robson said He said residents are still feeling "very Telstra will deliver a formal response this evening The finger of blame has been pointed at both Telstra and NBN Co while Opposition communications spokesman Malcolm Turnbull said earlier in the week that the buck must ultimately stop with the Federal Government He has now accused the Government of creating public panic over the issue if not public hysteria," Mr Turnbull said But Workplace Relations Minister Bill Shorten says it is the Opposition that is playing politics "If the NBN wasn't involved in this we would continue to have radio silence," he said Mr Shorten says worker safety must come first We asked readers to share their experiences of the NBN rollout. Here's what you had to say. Former CEPU president Kevin Harkins has fired back with allegations of his own Link copiedShareShare articleA senior Tasmanian union figure has been accused of a series of thefts from the Communications Electrical and Plumbing Union (CEPU) amid further explosive allegations dominating a Federal Court hearing in Hobart Senior union figure Kevin Harkins has hit back at claims he offered monetary inducements to former Labor workplace relations minister David O'Byrne to appoint then-CEPU colleague Nicole Wells to a plum industrial position Ms Wells was promoted to the position later that year. Appearing in the witness box on Wednesday, Mr Harkins branded Mr Burles a liar and a thief. "I totally deny that allegation and I'd accuse the person who made that allegation of lying," he said. "I would never use the term 'lolly' for a start. I totally refute that allegation. "Once I found out Ms Wells was an applicant I took no further action, as a referee or anything else." Mr Harkins did not stop there, going on to accuse Mr Burles of stealing on multiple occasions from CEPU coffers "to the tune" of $14,000. "He stole the petty cash and was taking money from the safe," Mr Harkins alleged. The reason the safe was bought in the first place was because Rodney Berles had stolen an amount of money. "The money was put in the safe, and Rodney, Mr Burles, took that money." Mr Harkins claimed the safe contained $7,500 cash from the office fund, petty cash, the union's social club and an emergency fund for employees. He told the court he had contacted the union's national secretary, after which "Mr Burles' appointment was terminated in some way - he left or got sacked". "That's probably the reason he made those nasty comments yesterday," Mr Harkins said. When pressed by barrister Craig Dowling as to why the theft allegations had not been taken up by the police, Mr Harkins said he was not sure but believed the union had agreed not to report Mr Burles. "I can only assume they [the union executive] followed through ... to terminate his employment," he said. He later added more allegations that Mr Burles had stolen from the union a number of times. "The reason the safe was bought in the first place was because Rodney Berles had stolen an amount of money from the safe," Mr Harkins told the court. "He was disciplined. He was told by Ms Wells not to do that again." Mr Harkins also alleged Mr Burles had been ordered to give up his annual leave in order to pay off the theft. The run of allegations has overshadowed a compensation claim hearing by fellow former CEPU figure Darren Harpham, in which both men have given evidence. Mr Harpham, a former organiser, alleges the union failed to pay key entitlements including a 5.8 per cent superannuation payment when he lost his job three years ago. But Mr Harkins told the court Mr Harpham was not entitled to the payment because he was not "a full-time officer ... that's an elected position". He also distanced himself from claims he told Mr Harpham, "There's the f***ing door, you can f***ing leave". "I'm known to swear. So is Mr Harpham," Mr Harkins said. "I don't believe I would've said that." In a statement released this morning, the CEPU's Tasmanian branch said it was regrettable the Federal Court case had "served as a platform for the airing of bitter and years-old hostilities between former employees". "CEPU Tasmania upholds proud ethical and governance standards," the statement read. "As the Federal Court matter is ongoing, it would be inappropriate for the CEPU to provide further comment at this time." Nicole Wells is also expected to appear as a witness in the case. CNN and the BBC World Service which is copyright and cannot be reproduced It was a one hour job on the Cairns Convention Centre redevelopment that allegedly blew out to two days as a result of what the ABCC said was union interference Now the building watchdog is taking action Please call us on 1800 070 535 and we’ll help resolve the issue or try again later Any Questions? Please call 1800 070 535 Saturday & Sunday 7:00am – 11:30am (AEST)