Woodside boss calls for LNG policy certainty

Australian petroleum group Woodside on Monday called on the federal government to ensure that policy changes in the industry did not risk the country’s competitiveness. Speaking at the Australian Petroleum Producers and Exporter Association’s...

Woodside scouting for new investment opportunities

With its Pluto liquefied natural gas (LNG) project recently reaching production status, Australian oil and gas major Woodside will now start looking for other investment opportunities. Chairperson Michael Chaney told shareholders at the firm’s...

Pluto produces first LNG

Federal Resources and Energy Minister Martin Ferguson has welcomed the first liquefied natural gas (LNG) production from ASX-listed Woodside’s Pluto project, in Western Australia. “This project is very important to the energy industry and the...

Woodside sells $2bn stake in Browse project

Australian oil and gas miner Woodside Petroleum has sold off a $2-billion stake in its Browse liquefied natural gas (LNG) project, in Western Australia, to Japan Australia LNG (MIMI). MIMI would take a 16% interest in the East Browse joint...

Woodside set for 2012 targets

ASX-listed Woodside Petroleum on Thursday said that it was on track to reach its 2012 production targets as its Pluto liquefied natural gas (LNG) plant was commissioned. In its results for the three months ended March, the energy company said...

Woodside Petroleum profit climbs to $1.65bn

Australian oil and gas major Woodside Petroleum increased its underlying after-tax profit to $1.65-billion in the financial year ended December, the ASX-listed company reported on Wednesday. The underlying profit accounts for nonrecurring items...

Woodside may sell minority stake in Browse

Australian oil and gas producer Woodside Petroleum on Friday confirmed that it was “assessing the potential sale” of a minority portion of its equity in the Browse liquefied natural gas (LNG) project, off the coast of Western Australia....

Woodside production drops by 6%

Australian oil and gas producer Woodside Petroleum on Wednesday reported a 6% decline in production, compared with the previous corresponding period. During the three months ended December, Woodside produced some 16.6-million barrels of oil...

A$2.5bn North West shelf expansion approved

The participants in the North West Shelf project on Thursday gave the go-ahead for the A$2.5-billion first phase of the Greater Western Flank (GWF) project, off the north-west coast of Australia. The GWF Phase 1 project would develop the Goodwyn...

Woodside ‘well positioned’ to fund growth, underlying profit rises

Australia’s petroleum major Woodside has reported an increase in underlying profits and revenue for the first half of the 2011 financial year. Underlying net profits rose 3.6% to A$842-million during the first six months of the year, up from...

Woodside’s Pluto project faces another delay, costs escalate

Australian oil and gas major Woodside Petroleum on Friday warned of a cost blow-out for its proposed Pluto liquefied natural gas (LNG) project, following a review of the progress on the project. The first LNG cargo shipment has also now been...

Woodside appoints ExxonMobil exec as new CEO

Australian oil and gas producer Woodside Petroleum has appointed ExxonMobil VP Peter Coleman as its new CEO, to replace Don Voelte. Coleman will take up his appointment with Woodside on May 30.