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R/$ = 13.84 Change: 0.00
Au 1281.42 $/oz Change: -12.44
Pt 794.99 $/oz Change: -8.87


Sales and production soar at Woodside

By: Esmarie Iannucci     18th October 2018 Australia’s Woodside Petroleum has seen an increase in both production and sales revenues for the third quarter, as its Wheatstone liquefied natural gas (LNG) project continued to contribute strongly to operations. “Production at Wheatstone LNG continued ahead of plan, underpinning a 13.8% rise... 

Woodside production on the up

By: Esmarie Iannucci     19th July 2018 ASX-listed Woodside Petroleum has reported increased production with the start of the second liquefied natural gas (LNG) train from the Chevron-operated Wheatstone operation. Production during the three months to June reached 22-million barrels of oil equivalent, up from the 20.7-million barrels... 

Cyclone Kelvin lashes West Australia, no damage reported to mines, gas projects

By: Reuters     19th February 2018 Tropical Cyclone Kelvin hit the resource-rich north coast of Western Australia on Sunday, lashing it with strong winds and causing floods that could cut the main highway for up to two weeks. The storm crossed the coast 165 km south-southwest of Broome early on Sunday morning with destructive... 

Woodside lashes out at South Korea's Kogas over disputed LNG contract

By: Reuters     14th February 2018 Australia's Woodside Petroleum on Wednesday lashed out at Korea Gas Corp (Kogas) over a dispute it has with the South Korean company, saying KOGAS owes it money for an expired liquefied natural gas (LNG) contract from the North West Shelf Project. CEO Peter Coleman of Woodside Petroleum,... 

Woodside reports higher revenue in Sept quarter

By: Esmarie Iannucci     19th October 2017 Australian oil and gas producer Woodside Petroleum has reported increases in sales volumes and revenues for the three months to September, compared with the previous quarter. Oil and gas production for the three months to September reached 20.3-million barrels of oil equivalent, which was down... 

Woodside production falls in June quarter

By: Esmarie Iannucci     20th July 2017 ASX-listed Woodside Petroleum has reported its second quarter of production decline during the three months to June, despite the Pluto liquefied natural gas (LNG) project delivering record rates. Production during the second quarter ended June reached 20.7-million barrels of oil equivalent,... 

FAR puts spanner in Woodside’s Senegal works

By: Esmarie Iannucci     8th June 2017 ASX-listed oil and gas developer FAR Limited has thrown a spanner into major Woodside Petroleum’s works by failing to support the company’s plans to develop the SNE oil field, offshore Senegal. Woodside in 2016 struck a $350-million deal with ConocoPhillips to acquire that company’s interests in... 

Singer's BHP gambit shines light on little-known oil giant

By: Bloomberg     11th April 2017 The usual suspects have planted their flags along the dusty byways of the Permian Basin, declaring where they’ve staked claims. There are names like Royal Dutch Shell, Anadarko Petroleum, Pioneer Natural Resources. And, on signs fronting a barbed-wire fence, BHP Billiton. For the world’s largest... 

Woodside boosts profits, expected output

By: Esmarie Iannucci     22nd February 2017 Oil and gas producer Woodside Petroleum has reported a significant upswing in profits for the full 2016, as the company exceeded its production targets and reduced its operating costs. Net profit for the 2016 financial year reached $868-million, compared with the $26-million reported for 2015. 

Woodside CEO sees no need for M&A, plenty of growth in pipeline

By: Reuters     19th January 2017 Woodside Petroleum CEO Peter Coleman said there's little need for more mergers and acquisitions by Australia's biggest independent oil and gas producer as it works on developing a handful of new projects at home and abroad. The company, seen as short on growth, has had to rely on a few deals to... 

Oil price slump takes toll on Woodside as profit tumbles 99%

By: Mariaan Webb     17th February 2016 Australia’s largest independent oil and gas company Woodside Petroleum on Wednesday posted a steep fall in full-year profit, despite achieving its second-highest production result. Aftertax net profit for 2015 reduced by 99% to $26-million, from $2.4-billion in 2014, driven by a sharp fall in... 

Sheffield appoints new CFO

By: Megan van Wyngaardt     16th February 2016 Mineral sands developer and explorer Sheffield Resources has appointed Mark Di Silvio as CFO and company secretary.   With over 25 years’ resources industry experience, Di Silvio’s professional career includes gold operations and development experience in the Kalgoorlie region, and senior finance... 

Beach appoints new CEO

By: Esmarie Iannucci     12th January 2016 Oil and gas major Beach Energy has appointed Matthew Kay as CEO, effective from July 17. Kay, which is currently the executive GM of strategy and commercial at ASX-listed Oil Search, would replace acting CEO Neil Gibbins. 

Oil Search has stellar quarter

By: Esmarie Iannucci     20th October 2015 Takeover target Oil Search has reported its highest quarterly production in the company’s history, with Oil Search delivering 7.42-million barrels of oil equivalent during the three months to September. This was up from the previous record high of 7.41-million barrels of oil equivalent delivered... 

Pluto improvements push Woodside’s Q3 output up 26%

By: Esmarie Iannucci     15th October 2015 Australian oil and gas producer Woodside Petroleum has reported a near 26% increase in production during the September quarter, as capacity enhancements at its Pluto project took effect. Completed capacity enhancements at Pluto resulted in current production rates exceeding the... 

Falling commodity prices, equity market jitters keep pressure on WA miners

By: Natalie Greve     9th October 2015 The market capitalisation of Western Australia- (WA-) listed companies closed the month of September at A$118.5-billion, indicating a 6.4% month-on-month drop and pointing to continued pressure on the industry from falling commodity prices and continued global equity market jitters, the Deloitte... 

Coastal water boundary changes a major boost for WA

By: Esmarie Iannucci     27th November 2014 Changes to the commonwealth offshore coastal waters boundaries could deliver an additional A$2.9-billion in state royalties from the Torosa field alone, Western Australian Mines and Petroleum Minister Bill Marmion said this week. The state government this week approved legislation that would... 

Woodside reports record profits in H1

By: Esmarie Iannucci     20th August 2014 Oil and gas producer Woodside Petroleum has reported record half-year after-tax net profit for the six months ended June, underpinned by record production and record operating revenue. ASX-listed Woodside on Wednesday reported that after-tax net profit had increased by 27% year-on-year to... 

Woodside signs Tanzania farm-in with Beach

By: Esmarie Iannucci     14th July 2014 Australian oil and gas miner Woodside Petroleum has signed a farm-in agreement with fellow-listed Beach Energy over the Lake Tanganyika project, in western Tanzania. While the details of the transaction remained confidential, it was known that Woodside would earn a 70% interest in the South... 

Woodside signs Texas supply agreement

By: Esmarie Iannucci     1st July 2014 ASX-listed Woodside Petroleum has inked a sales and purchase agreement with US-based Cheniere Energy over the Corpus Christi liquefaction project, in Texas. 

Shell sells down Woodside stake in $5bn deal

By: Esmarie Iannucci     17th June 2014 Global energy firm Royal Dutch Shell announced on Tuesday the sale of about 156.5-million shares in Australian oil and gas producer Woodside Petroleum, valued at about $5-billion on an after-tax basis. The sale, which represents 19% of Woodside’s issued share capital, is through an underwritten... 

Woodside sales revenue soars in March Q

By: Esmarie Iannucci     17th April 2014 ASX-listed Woodside Petroleum has reported a 15.9% increase in sales revenue for the first quarter ended March, compared with the previous corresponding period, as production and sales volumes were lifted. Revenue for the quarter reached $1.67-billion, Woodside reported, with the increase... 

Woodside cuts 2013 production forecast

By: Mariaan Webb     3rd July 2013 Shares in Woodside Petroleum dropped 3.35% on the ASX on Wednesday as the company downgraded its production forecast for 2013. Australia’s largest independent dedicated oil and gas company said it would produce between 85-million barrels and 89-million barrels of oil equivalent this year. The... 

Company Announcement: Atlas Bolsters Board in Preperation for Rapid Growth phase

28th May 2012 Atlas Iron Limited is pleased to advise that it has made two key Board appointments as part of its preparations to grow iron ore production rate from 6Mtpa to as much as 46Mtpa 

Ferguson awards 12 offshore exploration permits

By: Esmarie Iannucci     8th May 2012 Twelve new offshore petroleum exploration permits have been awarded in waters off Western Australia and Victoria, which would see some A$303-million in new investment over the next three years. Federal Resources and Energy Minister Martin Ferguson reported that a total of 46 bids were received... 

Woodside sells $2bn stake in Browse project

By: Esmarie Iannucci     1st May 2012 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 venture (JV), and an 8% interest in the West Browse JV,... 

Woodside set for 2012 targets

By: Esmarie Iannucci     19th April 2012 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 that it also made significant progress with its North... 

WA index flat as slower Chinese growth hit commodities

By: Creamer Media Reporter      5th April 2012 Advisory firm Deloitte on Thursday reported that the market capitalisation of Western Australian listed companies comprising its WA Index was sluggish during March, rising just 0.3% to close at A$168.9-billion. Deloitte’s national mining leader, Tim Richards, said in a statement that although... 

Deloitte WA Index up 1.5%, Woodside reclaims top ranking

By: Esmarie Iannucci     7th March 2012 The market capitalisation of Western Australia-listed companies that comprise advisory firm Deloitte’s WA Index increased by 1.5% during February, to close at A$168.3-billion. Advisory firm Deloitte said that reported gains had been conservative across the board, while commodity prices had shown... 


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