Woodside Logs Lower Quarterly Revenue as Output, Prices Fall
Woodside posted a lower quarterly revenue of $3 billion as selling prices and production and sales volumes fell.
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Woodside posted a lower quarterly revenue of $3 billion as selling prices and production and sales volumes fell.
Australian independent Woodside Energy's January-March output dropped against a year earlier and the previous quarter, as reliability fell at its 4.9mn t/yr Pluto LNG project offshore Western Australia.
Gas platforms in the area are among the oldest offshore oil and gas operations in the country
A pipeline linking two oil platforms is being investigated as the source of a suspected hydrocarbon spill in Bass Strait.
Woodside Petroleum and BHP have entered into a merger commitment deed to combine their oil and gas portfolios through an all-stock merger, which will include its 50 per cent share in Bass Strait.