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...

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...

Shell to sell 24% stake in Woodside

The share price of oil and gas firm Woodside dipped on Friday after oil major Shell announced it would sell its stake in the Australian company. Royal Dutch Shell CFO Simon Henry said overnight that its 24.27% stake in Woodside no longer fitted...

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...

Public review starts of draft Browse EIS – Woodside

Australian petroleum and gas major Woodside has released a draft environmental-impact statement (EIS) for the upstream component of its Browse liquefied natural gas (LNG) project, for public review. The report concerns the construction, operation...

Higher volumes, prices push up Woodside revenue

Australian oil and gas producer Woodside has reported an increase in sales revenue for the quarter ended September, helped by higher sales volumes and liquefied natural gas (LNG) prices. Sales revenue increased by 5% on the previous quarter, and...

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, softer commodities drag down Deloitte’s WA index

Advisory firm Deloitte reported on Tuesday that a 7.1% or A$14-billion drop in its Western Australian Index for the month of June had been primarily driven by a 12% or A$4.4-billion fall in the value of petroleum producer Woodside. Woodside was...

Woodside discovers more gas off the coast of WA

Australian oil and gas major Woodside Petroleum has discovered more gas to underpin its A$14-billion Pluto project, in the Carnarvon basin off the coast of Western Australia. Woodside reported on Monday that the Xeres-1 well had intersected some...

Woodside announces WA oil discovery, shares gain

Shares in ASX-listed Woodside jumped 2,5% on Thursday after the company reported an oil discovery at its Laverda North 2 well, in Western Australia’s Exmouth sub-basin. Woodside said it discovered a gross interval of 18 m of new oil bearing...

Hands off Woodside, Barnett tells suitors

Western Australian Premier Colin Barnett on Monday sent out a clear message to resources companies looking at a possible takeover of Australian gas major Woodside. “Hands off Woodside,” Barnett told the Australian Petroleum Production and...

BHP revives $4,2bn share buyback after scrapping Potash Corp offer

Mining giant BHP Billiton on Monday called off its $40-billion bid for Saskatchewan-based fertiliser company Potash Corp, and reactivated a $4,2-billion share buy-back programme. BHP said in a statement that it had determined that the condition...