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Topic: Woodside Petroleum


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In the News (Sun 6 Dec 09)

  
  www.woodside.com.au
Woodside is Australia's largest publicly traded oil and gas exploration and production company with a market capitalisation of A$34 billion (US$30 billion).*
Woodside has a portfolio of assets, projects, development opportunities and exploration interests in twelve countries spanning five continents.
With proved plus probable reserves of almost 1.6 billion barrels of oil equivalent, in 2006 Woodside produced nearly 68 million barrels of oil equivalent.
www.woodside.com.au   (180 words)

  
  Woodside extends hostile bid to buy EPL - Boston.com
Woodside Petroleum Ltd., Australia's largest publicly traded petroleum company, on Friday extended its offer of $23 per share to acquire oilfield independent Energy Partners Ltd.
Energy Partners was founded in 1998 by Richard Bachmann, the company's chairman and chief executive officer, and has focused primarily on exploration as well as acquisition of mature oil fields in the Gulf of Mexico.
Woodside has been involved in U.S. exploration since 1999.
www.boston.com /business/articles/2006/10/20/woodside_extends_hostile_bid_to_buy_epl_1161373402   (335 words)

  
 Woodside's offshore wanderings have Shell wondering - theage.com.au
Woodside last month confirmed that it was continuing to investigate acquisitions consistent with its international growth strategy, and had screened a number of potential opportunities.
Woodside's aspiration to expand away from its North-West Shelf gas operations have been a source of tension between the group and its 34 per cent shareholder in the past, particularly as that expansion into regions such as the Gulf of Mexico has seen it venture on to traditional Shell turf.
Woodside is said to be close to a $1.6 billion deal to acquire the Denver-based Westport Resources, which has operations in the Rocky Mountains, the Gulf of Mexico, Texas, Louisiana and the Midwest of the United States.
www.theage.com.au /articles/2002/10/11/1034222595744.html   (1142 words)

  
 Associated Press Business News: Woodside Petroleum 2006 Profit Rises - MSN Money   (Site not responding. Last check: 2007-10-29)
Woodside said the vote by the East Timorese Parliament this week to ratify revenue sharing agreements for the Greater Sunrise reservoirs is a step forward for a project it had shelved due to uncertainty.
Woodside said at the end of 2006 its proven and probable reserves stood at 1.580 billion barrels of oil equivalent, up 336 million barrels from the end of 2005, largely due to the recognition of the reserves at its Pluto project off the coast of Western Australia.
Woodside declared a final dividend of 77 cents per share, taking the full year dividend to A$1.26 a share, up from 93 cents paid in 2005.
news.moneycentral.msn.com /category/topicarticle.aspx?feed=AP&Date=20070221&ID=6511247&topic=TOPIC_EARNINGS_RESULTS&isub=1   (291 words)

  
 Woodside Offshore Petroleum
Woodside, once a small Australian company, became the operator of a large exploration area and significant gas discovery.
Woodside has built up a culture of an organisation with a genuine intent to incorporate all employees who are engaged on the same basis as professional staff.
When Woodside first negotiated its non recourse loan in 1980, it was the largest non recourse project financing in the world.
www.chemlink.com.au /woodside.htm   (1910 words)

  
 Woodside's LNG Plan Skips U.S. Terminals Ships Would Send Gas Direct to Pipeline BUSINESS ASIA By Bloomberg - Science - ...   (Site not responding. Last check: 2007-10-29)
Woodside Petroleum said it planned to skirt concern among Californians about the safety of liquefied natural gas import terminals by delivering the fuel directly into pipelines from ships moored offshore.
Woodside plans to deliver the LNG on ships that can convert the fuel back to gas onboard, eliminating the need for an onshore plant that might raise concerns about safety and the environment, company executives said Wednesday.
Woodside, which has yet to build any of its own ships that are capable of converting LNG back into gaseous form, said it was developing a design similar to that used by Excelerate Energy in the Gulf of Mexico.
www.redorbit.com /news/science/364625/woodsides_lng_plan_skips_us_terminals_ships_would_send_gas/index.html?source=r_science'   (782 words)

  
 Woodside Petroleum encounters growing pains   (Site not responding. Last check: 2007-10-29)
Woodside downgraded its overall 2006 production forecast by 5 percent and said Chinguetti would need additional investment to reach its estimated potential of around 75,000 barrels a day.
Woodside is also among several companies that are expanding the so-called North West Shelf gas project, which Woodside operates, in the same area.
But Woodside recently disclosed cost overruns at the North West Shelf as the cost of producing oil and gas world-wide soars because of heavier outlays for raw materials, labor and fuel.
www.post-gazette.com /pg/06261/722873-28.stm   (891 words)

  
 Woodside ends stateside walk - theage.com.au
Woodside Petroleum has averted, for the moment at least, the prospect of a confrontation with its major shareholder, the giant Royal Dutch/Shell group, by reluctantly abandoning plans for a $1.6 billion-plus US acquisition.
Woodside's corporate strategy has been to expand offshore, both to diversify its portfolio away from its reliance off the North-West Shelf project and its deep-water gas reserves off northern Australia, and to help manage a near term fall-off in production and profit from the declining Laminaria oilfield in the Timor Sea.
Speculation that Woodside was also exploring the acquisition of the oil and gas interests of the German conglomerate, Tui AD - Preussag Energie - is apparently overstated and therefore the resolve of Shell and Woodside probably won't be stress-tested in the near term.
www.theage.com.au /articles/2002/10/22/1034561494485.html   (1280 words)

  
 Dana Petroleum plc - Aberdeen, United Kingdom
Woodside has the option to withdraw from the PSCs after satisfying an initial work commitment to acquire a minimum of 5,000 km of 2D seismic.
Dana Petroleum plc is an independent oil and gas company focused on growth through high-impact international exploration and the development of low risk production from the UK North Sea.
Dana's decision to farm out to Woodside is in line with the Company's strategy to (i) accelerate exploration (a minimum of 5,000 km of seismic will now be acquired, rather than 2,000 km), (ii) minimise costs to Dana (reduced from 100% to 20%), whilst (iii) retaining a significant stake in any future discovery (now 40%).
www.dana-petroleum.com /Press/pr_120503.htm   (667 words)

  
 Woodside brags about prospects - Business - Business - smh.com.au
Senior executives of Woodside Petroleum were keen to highlight its strong production growth profile in both oil and liquefied natural gas at its annual investor briefing in Sydney yesterday.
While Woodside raised this year's production target slightly to 59 million barrels of oil equivalent (boe) from the 58 million boe guidance released in August, it noted 2006 production would rise 30 per cent as new projects came on stream.
He said one of the best decisions Woodside made this year was to approve the development of the North-West Shelf's fifth production train with its joint venture partners without having first sold the gas through long-term contracts as had been done in the past.
www.smh.com.au /news/business/woodside-brags-about-prospects/2005/11/16/1132016860175.html   (537 words)

  
 Woodside Petroleum reports 29 percent rise in profit for 2006 - International Herald Tribune
Woodside said the vote by the East Timorese Parliament this week to ratify revenue sharing agreements for the Greater Sunrise reservoirs is a step forward for a project it had shelved due to uncertainty.
Woodside said at the end of 2006 its proven and probable reserves stood at 1.580 billion barrels of oil equivalent, up 336 million barrels from the end of 2005, largely due to the recognition of the reserves at its Pluto project off the coast of Western Australia.
Woodside declared a final dividend of 77 cents per share, taking the full year dividend to A$1.26 a share, up from 93 cents paid in 2005.
iht.com /articles/ap/2007/02/21/business/AS-FIN-EARNS-Australia-Woodside.php   (483 words)

  
 ACCC   (Site not responding. Last check: 2007-10-29)
ACCC not to intervene in Shell's proposed takeover of Woodside Petroleum
Shell and Woodside are joint venture partners in the predominant Western Australian gas production project, the North West Shelf.
The ACCC has concluded that the acquisition of Woodside Petroleum by Shell is unlikely to result in a substantial lessening of competition in any Australian market and therefore does not intend to intervene in the acquisition.
www.accc.gov.au /content/index.phtml/itemId/87636?url=%2Fcontent%2Findex.phtml%2FitemId%2F87636&rewriteMember=116&pageDefinitionItemId=16940   (187 words)

  
 Bloomberg.com: Asia
Woodside still needs to lift output about 40 percent in the second half from the first to meet its revised forecast, which is 21 percent above last year's figure.
Woodside is prioritizing its Pluto and Browse liquefied natural gas projects to avoid any delays from ``huge'' competition for labor and materials in Western Australia, Spence said in an Aug. 4 interview.
Woodside operates and owns one-sixth of the A$19 billion North West Shelf LNG venture, which in 2004 increased capacity by 56 percent by adding a fourth unit and is building a fifth.
www.bloomberg.com /apps/news?pid=20601080&sid=aasB.WUMWoKs&refer=asia   (857 words)

  
 Woodside Petroleum Ltd (WPL.AX) Key Developments | Stocks | Reuters.com
Woodside Petroleum Ltd. announced that the Pomboo-1 exploration well in Block L-5 of the offshore Lamu Basin in Kenya has reached a total depth of 4887 metres.
Woodside Petroleum Ltd announced that Mark Chatterji has been appointed to the position of Acting Chief Financial Officer, effective from 1 November 2006.
Reuters reported that Woodside Petroleum Ltd. has extended its tender offer for Energy Partners Ltd. after a court ruled Energy Partners was allowed to explore other offers under the terms of its agreement to buy Stone Energy Corp. Woodside Petroleum extended its $23 per share cash tender offer for Energy Partners until 11:59 p.m.
stocks.us.reuters.com /stocks/keyDevelopments.asp?symbol=WPL.AX&WTmodLOC=C3-News-8   (532 words)

  
 Woodside revenue record | Herald Sun
Woodside's annual production was a record 67.9 million barrels of oil equivalent (mmboe), up 13.8 per cent on the 2005 level primarily due to it achieving first production from its Chinguetti and Enfield oil projects.
Woodside's fourth-quarter production was 19.0 mmboe, up 28.1 per cent on the previous corresponding period in 2005 but down half a per cent on the third quarter of 2006.
Woodside has forecast 2007 production to be in the order of 75 to 80 mmboe and in excess of 100 mmboe in 2008.
www.news.com.au /heraldsun/story/0,21985,21078600-664,00.html   (424 words)

  
 Business Breakfast - 21/2/2003: Woodside Petroleum posts $92m loss
MICHAEL ROWLAND: Also hurting Woodside's bottom line was a one-off accounting change, allowing the company to write-off all exploration costs unless they result in commercial discoveries.
Woodside plans to counter its lower oil production by fast-tracking new exploration projects, particularly in the United States.
Woodside shares fell more than 4 per cent to $11.13.
www.abc.net.au /businessbreakfast/content/2002/s789487.htm   (376 words)

  
 Opportunities | Woodside Hiring Now | Employment at Woodside Petroleum
Woodside is experiencing exceptional organic growth with new projects and the expansion of current operations.
Woodside differs very much from the other oil and gas companies I have worked with – it’s young, vibrant, energetic and rapidly expanding.
Because Woodside in Australia has a full petroleum portfolio, there’s an upstream oil and gas business, as well as downstream LNG, domestic gas and international gas marketing, so there’s scope to work across several business sectors, nationally and internationally.
www.woodsidehiringnow.com   (243 words)

  
 Woodside scrapes in | NEWS.com.au Business   (Site not responding. Last check: 2007-10-29)
Woodside chief Don Voelte also flagged the potential for a record dividend at a recent briefing for investors.
Woodside's annual results briefing will be watched closely, with the company expected to update the market on projects that disappointed in 2006.
Woodside yesterday revealed production from Chinguetti had fallen again in the December quarter, from 30,985 barrels a day to 23,390 barrels.
www.news.com.au /business/story/0,10166,21080462-462,00.html?from=public_rss   (478 words)

  
 Timor Says Australian Gas Royalty Agreement `Very Close'
Woodside, Australia's second-biggest oil and gas producer, and its partners stopped work on the proposed $3.7 billion Sunrise gas project on Dec. 31 in the absence of an agreement between Australia and East Timor on royalties.
East Timor and Woodside Petroleum Ltd. (ASX: WPL.ax) disagree where the gas should be processed, which has added to a broader dispute between East Timor and Australia over dividing revenues from the field.
Woodside, which is seeking to develop Greater Sunrise at a cost of $5 billion, has long said it would prefer the gas to be transported to Wickham Point near the northern Australian city of Darwin where a liquefied natural gas (LNG) plant is already being built for ConocoPhillips's COP.N Bayu-Undan project.
www.etan.org /et2005/june/12/17tsays.htm   (1186 words)

  
 Timor talks sought as Sunrise project shelved
Woodside has confirmed it will not commit any more money to the Greater Sunrise Gas Project, 450 kilometres north-west of Darwin.
Woodside warned investors in November the project would stall if it did not have legal and fiscal certainty by the end of last year.
Woodside operates the Greater Sunrise project on behalf of joint venture partners Royal Dutch/Shell, ConocoPhillips and Osaka Gas.
www.etan.org /et2005/january/06/14ttalks.htm   (513 words)

  
 Save East Timor
WOODSIDE Petroleum will pass a long-standing hurdle to its development of the Greater Sunrise reservoirs when East Timor and Australia ratify agreements covering revenue-sharing.
If maritime boundaries were established in accordance with current principles of international law it is estimated that East Timor would receive around 68% of the total petroleum revenues in the Timor Sea, including up to 100% of those closer to East Timor than to Australia.
Value of petroleum: Estimated to be between US $22-25 billion.
www.saveeasttimor.org   (644 words)

  
 Australia's Woodside Petroleum FY net profit up 29 pct at record 1.4 bln aud
Woodside, 34 pct-owned by the Royal Dutch Shell Group, said net profit before one-off items rose 34.5 pct to 1.396 bln aud, beating analyst forecasts centered on a 1.36 bln aud underlying result.
Woodside said it is targeting a 6-15 pct rise in production to 72-78 mln boe in 2007.
For the latest year, Woodside shareholders will receive a final dividend of 0.77 aud, up from the previous year's 0.58, taking the total annual dividend for 2006 to 1.26 aud from the 0.93 aud paid for 2005.
www.abcmoney.co.uk /news/21200726622.htm   (425 words)

  
 www.woodside.com.au
Woodside is Australia's largest publicly traded oil and gas exploration and production company with a market capitalisation of A$30 billion (US$26.5 billion).*
Woodside has a portfolio of assets, projects, development opportunities and exploration interests in twelve countries spanning five continents.
With proved plus probable reserves of almost 1.6 billion barrels of oil equivalent, in 2006 Woodside produced nearly 68 million barrels of oil equivalent.
www.woodside.com.au /NR/exeres/7DA4EE6F-2A21-47B2-8A69-2F77D46F9211,frameless.htm   (162 words)

  
 CalTrade Report - Plans Unveiled for SoCal Offshore LNG Terminal
The buoy would be used by specially-constructed tankers that would convert the LNG to natural gas onboard in a process that cools the LNG to minus 260 degrees Fahrenheit to shrink to 1/600th of its gaseous state.
Woodside is expected to file the plan for the pipeline and buoy shortly with the three main permitting agencies - the US Coast Guard, the California Coastal Commission, and the California State Lands Commission - while the actual permitting process could take up to two years.
Woodside executives responded to Stern, saying that Woodside has made more than 2000 LNG deliveries in 17 years in the business without incident.
www.caltradereport.com /eWebPages/front-page-1142829265.html   (685 words)

  
 RIGZONE - Woodside
Thursday, April 19, 2007 - Woodside Petroleum Ltd said about 1.5 billion barrels of oil equivalent could be added to its reserves, approximately doubling the group's current reserves base if its Browse Basin gas project off Australia's northern coast is developed.
Wednesday, April 18, 2007 - Australia's Woodside Petroleum Ltd. (WPL.AU) is facing opposition from environmentalists to its plan for liquefied natural gas from the Browse field to be processed using an offshore plant.
Tuesday, April 17, 2007 - Woodside Petroleum said an offshore liquefied natural gas processing plant for its giant Browse field will be cheaper to build than an onshore operation.
www.rigzone.com /NEWS/company.asp?comp_id=55   (728 words)

  
 Fujitsu creates fast, secure and cost-effective document exchange solutions for Woodside Petroleum : FUJITSU Australia
Woodside Petroleum is a leading Australian producer of oil and natural gas, with exploration and development ventures ranging across the globe - from Australia's North-West Shelf to the Timor Sea, the Gulf of Mexico, and Mauritania.
On the North-West Shelf, Woodside is a member of the North-West Shelf Venture (NWSV), along with joint venture partners including BP, BHP Billiton Petroleum, Chevron, MIMI and Shell.
In a subsequent phase, SecureWeb was integrated with Woodside Petroleum’s internal document management system, resulting in further operating efficiencies.
www.fujitsu.com /au/casestudies/woodside.html   (598 words)

  
 CNN.com - Decision soon on Shell's Woodside bid - April 18, 2001
Woodside Petroleum operates Australia's largest export earner -- the North West Shelf oil and gas fields off the coast of Western Australia.
Shell is offering A$14.80 plus a call option, subject to an asset transfer proposal, to lift its stake in Woodside from 34 to 56 percent.
However Woodside management say the price is inadequate and has urged shareholders to reject the offer.
archives.cnn.com /2001/BUSINESS/asia/04/17/shell.woodside   (353 words)

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