Woodside Petroleum has taken a small step on the potential Scarborough LNG project, signing an agreement with co-owner BHP Billiton to become the operator of any future development and granting the miner an option to increase its share of the...
A tieback of the Scarborough field into the Pluto LNG plant could well be the next major energy development in Western Australia, after Woodside Petroleum announced a $2.5 billion rights issue to fund a buyout of the project.
Wesfarmers, Woodside Petroleum and South32 were among Australian shares that closed lower in the wake of another overnight collapse on Wall Street but local losses were relatively contained as many Asian markets tumbled steeply.
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