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Woodside revises cost estimate of Scarborough gas project to $12bn Cost estimate of the onshore component of the Australian gas project has been increased by almost 3% Woodside has increased the cost estimate of the Scarborough gas project by around 5%. (Credit: Woodside) Woodside has revised the cost estimate of the Scarborough gas project in Australia to $12bn, which is nearly a 5% increase compared to the previous cost estimate announced in November 2019. The offshore component of the project will cost $5.7bn, while the onshore part would need an investment of $6.3bn. Compared to the previ...

Woodside kicks off asset sell-downs Jul 15, 2021 – 9.22am Share Woodside Petroleum has launched sales processes for stakes in its huge Scarborough gas expansion project in Western Australia and in its $6 billion oil venture in Senegal as it seeks to reduce its equity in the ventures to ease its capital requirements. Acting chief executive Meg O’Neill advised in Woodside’s June quarter report on Thursday of the formal start of the sales processes, which includes a stake of up to 49 per cent in the Pluto-2 LNG expansion project that will process gas from Scarborough. Woodside has started ...

Woodside (ASX:WPL) share price lower on Q2 update Here’s how this energy producer performed in the second quarter… James Mickleboro has been a Motley Fool contributor since late 2015. After studying economics at university back home in the United Kingdom, James came to live in Australia and managed to land a job at an Australian fund manager. This was the start of a love affair with Australian equities and he hasn't looked back since. James is part of the CFA Institute's Chartered Financial Analyst program and hopes it teaches him how to become an astute investor which allows him to help ...

Unemployment rate falls to 4.9% Unemployment fell to an 11-year low 4.9 per cent in June, beating analyst expectations, with the figures reflecting a Sydney that was yet to fully go into lockdown. The June figure was an improvement from 5.1 per cent in May, a 0.4 percentage point drop on March 2020, and the lowest the rate it has been since December 2010. The number of unemployed people fell by 22,000 in June, down to 679,000. This was around 325,000 people below the peak of 1 million unemployed people in July 2020. Sydney was yet to be fully locked down in June. Credit:AFR Employment incre...

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