The consumer watchdog has given the green light to Woodside Petroleum’s proposed purchase of oil and gas assets from US energy company Apache, after concluding it would not have an effect on the domestic gas market.
Woodside Petroleum expressed doubts its Greater Sunrise gas prospect could go ahead this decade, leaving it off a list of growth projects out to 2019 and beyond in its annual results presentation in a bad sign for impoverished East Timor.
Woodside Petroleum Ltd. reported a 38% increase in annual profit after one of its biggest oil fields came back online following a prolonged technical outage, and it enjoyed higher commodity prices for a large part of the year.
China claims Woodside withheld gas
Woodside Petroleum and its partners have been accused of holding back natural gas shipments to China as a negotiating tactic to raise the price of a contract guaranteeing 25 years of cheap energy. The Fin
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