The company, Australia’s largest upstream operator, attributed to losses to the fall in oil prices that began in mid-2014.
Woodside also announced it will sell its operating stake in the Laminaria-Corallina joint venture, which produces from a field in the Timor Sea off the Australian coast. The company said it had entered into a conditional agreement, but did not name the buyer.
In September, the company made a failed bid to purchase Oil Search, targeting its stake in the Papua New Guinea LNG project.
The Laminaria-Corallina fields are co-owned by Spain’s Repsol, which on Thursday announced plans for €6 billion in asset sales.
For more news and information on Australia, click here.
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
Seatrium has been awarded a contract by SBM Offshore for the topsides fabrication and integration of an additional FPSO vessel… Read More
Diamond Offshore has secured a USD 350-million extension for an ultra-deepwater drillship deployed for Anadarko Petroleum in the US Gulf… Read More
This website uses cookies.