Original article by Matt Chambers
The Australian – Page: 21 : 21-Jul-17
Woodside Petroleum’s production in the June 2017 was 3.3 per cent lower than the March quarter, at 20.7 million barrels of oil equivalent. Sales revenue was 3.1 per cent lower at $US867m. The downturn has been attributed to scheduled maintenance work at the Pluto LNG project and an unplanned outage at the Karratha LNG plant. Meanwhile, Woodside has proposed investing an additional $US5bn ($A6bn) in the Karratha plant to keep it operational for another two decades and use it to process third-party gas.
CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, ROYAL DUTCH SHELL PLC, BHP BILLITON LIMITED – ASX BHP, BP PLC, CHEVRON CORPORATION, MITSUI AND COMPANY LIMITED, MITSUBISHI CORPORATION