Tap Oil has trumped Woodside Energy's efforts to buy into the WA-351-P natural gas exploration permit in the Carnarvon Basin, after it exercised its pre-emptive right to acquire an additional 20 per cent interest in the permit.
Delays and cost blowouts at Woodside Petroleum's Pluto LNG project have resulted in international ratings agency Standards and Poor's downgrading Woodside's credit rating to BBB+ from A-.
Australia's resources-led economic recovery has had a major impact on the pay of WA-based executives, with a big rise in the number of million dollar pay packets as share prices bounced back from GFC lows.
HE role of chairman at Australian public companies has traditionally been reserved for experienced industry professionals tired of working in an executive capacity and who are keen to bring an independent viewpoint to the company boardroom.
WOODSIDE Petroleum is expected to reveal the full extent of cost overruns and delays at its crucial $13 billion Pluto liquefied natural gas project by early next week.
ALL eyes were on BHP Billiton chief Marius Kloppers this week for hints that the resources giant is eyeing a move on North West Shelf operator Woodside, following Shell's decision to sell 10 per cent and field offers for its remaining 24 per cent interest
ENERGY giant Shell's $3.3 billion sale of a 10 per cent stake in Woodside has opened a Pandora's box of speculation about how long Australia's home-grown oil and gas champion can survive alone.
Premier Colin Barnett says he has received an assurance from Royal Dutch Shell that it will not sell down its remaining 24 per cent stake in Woodside Petroleum for the foreseeable future.
Shell has announced plans to sell a 10 per cent stake in Woodside Petroleum to focus on its investments in Australia through direct interest in assets and joint ventures rather than indirect stakes.
Woodside Petroleum has moved to bolster its expansion plans at the $13 billion Pluto liquefied natural gas project with a deal to take sole control of its four most significant recent gas discoveries.
Woodside Petroleum is facing unspecified delays in commissioning its $13 billion Pluto LNG project after warning some key plant infrastructure does not meet its cyclone rating standards.
Woodside chairman Michael Chaney expects a "good slate of candidates" to put their hand up for the top job of Australia's premier oil and gas producer, in the wake of chief executive Don Voelte's decision to retire in the middle of next year.
Woodside Petroleum says a floating LNG plant remains its preferred option for the Greater Sunrise gas field, after an East Timor official said Woodside was reviewing other processing options.
Shell Australia chair Ann Pickard has dismissed recurring media and analyst speculation the energy giant was considering a renewed tilt at 34 per cent owned rival Woodside Petroleum, potentially in partnership with BHP Billiton.
Woodside Petroleum has deferred a final decision on expansion of its Pluto gas project, but the company's chief executive Don Voelte has still talked up its development record, saying it was five years ahead of industry rival Chevron.
Woodside Petroleum has revealed a 9 per cent drop in production in the second quarter of 2010 driven by scheduled maintenance shutdowns, the sale of the company's Otway assets, and a natural decline in oil production.
FOR Victorians eyeing Western Australia’s resources boom with envy, oil and gas giant Woodside Petroleum must represent the most frustrating case of the one that got away.
Woodside is set to pay $US12 million ($A13 million) to former joint venture partners, ASX-listed Global Petroleum and UK-based Dana Petroleum, after the oil and gas giant settled outside of the English High Court of Justice today.
Woodside Petroleum has rejected claims that its workers have been exposed to asbestos through gaskets, saying tests have confirmed the equipment did not contain the deadly material.
Woodside Petroleum boss Don Voelte has given a subtle warning to major domestic gas customers, such as Alcoa, that the days of cheap gas are over following Woodside's landmark price settlement with Alinta.
Woodside Petroleum has posted a rise in annual net profit and says sales revenue was down on lower commodity prices despite a positive boost from foreign exchange movements.
THE global financial crisis was a tough time for most businesses, none more so than sporting clubs that discovered the risks of choosing the wrong sponsor.
Woodside Petroleum has today reported that 68 per cent of its shareholders participated in the retail component of a $2.5 billion rights offer, prompting the company to bring forward a retail bookbuild.
A small portion of the striking workers at Woodside Petroleum's Pluto project have staged a protest at the operation's gates as the company prepares to sue the Construction, Forestry, Mining and Energy Union and its assistant Joe McDonald.
GAS heavyweight Woodside Petroleum could know within days whether it has enough gas to underpin a $20 billion expansion of its new Pluto LNG project on the Burrup Peninsula.
Woodside Petroleum has brought into question the effectiveness of the new workplace relations system after the majority of the workforce at the $12 billion Pluto project voted to extend an illegal strike to Saturday.
Woodside Petroleum's plan for a second gas processing train at its Pluto project has been bolstered by a gas find in the Greater Pluto area as up to 1,500 Pluto workers took to the streets of Karratha to protest against a "motelling" plan.
Up to 2,000 workers from Woodside Petroleum's $12 billion Pluto project have taken to the streets of Karratha to demonstrate their anger over the company's plans to implement a "motelling" arrangement.
Woodside Petroleum and its joint venture partners in the Browse Basin project have accepted renewal offers for the project's retention leases offered by the state and federal governments.
Woodside Petroleum says it will not reverse a decision to change new accommodation arrangements at its $12 billion Pluto gas project despite workers today going on an illegal 48-hour strike.
Woodside Petroleum's credit ratings are under pressure after the oil and gas producer said costs at its Pluto LNG project had blown out by up to 10 per cent.
