Woodside tips in cash as Labor fights to get its employee into parliament
WA Labor has used the advantages of incumbency to raise $1.6 million since May, ahead of a by-election in the once safe seat of Secret Harbour.
The Perth-based LNG specialist operates the North West Shelf and Pluto LNG projects and is developing the Scarborough and Browse fields. It also has a 50 per cent stake in ExxonMobil's Bass Strait operation and substantial interests in the US and Mexico.
Australia's largest oil and gas company has trimmed its dividend after underlying profit was dragged down by lower prices.
Local industy in Australia's largest gas-exporting state is concerned gas producers are prioritising exports at their expense.
Carbon storage has gone from "high-risk" to the preferred option at the controversial gas export mega-project.
Woodside will buy Chevron's one-sixth stake in the North West Shelf project and relinquish its stake in the Wheatstone LNG project to the US major.
Australia's largest ironmaking electric smelting furnace will test technology that could secure the future of Australia's largest export.
Concerns about possible damage to adjacent World Heritage-listed rock art from the plant's emissions did not sway environment minister Reece Whitby.
Offshore regulator NOPSEMA has had enough of BHP's "limited action" and ordered the decommissioning of three fields, adding to the cleanup bill heading towards Woodside shareholders.
Woodside Petroleum needs massive amounts of land for carbon offsets and the WA Government appears to be laying out an exclusive red carpet for the LNG giant.
Woodside and BHP have responded to the energy transition by heading in opposite directions. Here are 13 takeaways about Woodside's future. They will need some luck.
If Woodside absorbs BHP's oil & gas assets new laws ensure the massive decommissioning liability falls to one of the companies, not the Australian taxpayer, unlike the Northern Endeavour.
BHP and Woodside are negotiating the complete transfer of BHP oil and gas assets in exchange for Woodside shares, but the deal is not done, indicating last-minute brinksmanship across the negotiation table.
Speculation is mounting of a big Woodside-BHP deal next week. There may be lessons from South32, another destination for BHP's unwanted assets.
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