LIQUEFIED NATURAL GAS INDUSTRY – AUSTRALIA

Woodside on M&A chase

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 19 : 21-Aug-14

Woodside Petroleum has posted a 2014 interim underlying net profit of $US1.136bn, which is 33 per cent higher than previously. Revenue was 24 per cent higher at $US3.55bn. CEO Peter Coleman says the group plans to spend up to $A5bn on large acquisitions, which could potentially include Apache’s 13 per cent stake in the Wheatstone LNG project. Andrew Williams of RBC Capital Markets believes that Woodside may also consider Apache’s Kitimat LNG project in Canada

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL,APACHE ENERGY LIMITED,RBC CAPITAL MARKETS,BERNSTEIN RESEARCH,CHEVRON CORPORATION

Woodside buyback in doubt

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 21 & 23 : 31-Jul-14

Woodside Petroleum shareholders will vote on a proposed share buyback at an extraordinary general meeting on 1 August 2014. The deal to buy $US2.68bn ($A2.85bn) worth of shares from Royal Dutch Shell must be supported by 75 per cent of votes, but a number of superannuation funds are expected to oppose it. There is concern that the selective buyback treats Shell more favourably than other Woodside shareholders

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, ROYAL DUTCH SHELL PLC, AUSTRALIAN COUNCIL OF SUPERANNUATION INVESTORS INCORPORATED, PLATO INVESTMENT MANAGEMENT LIMITED, ALPHINITY INVESTMENT MANAGEMENT PTY LTD, ISS PROXY AUSTRALIA, OWNERSHIP MATTERS PTY LTD, CGI GLASS LEWIS PTY LTD, MACQUARIE GROUP LIMITED – ASX MQG, AUSTRALIAN SHAREHOLDERS’ ASSOCIATION, WESTFIELD CORPORATION – ASX WFD, STANDARD AND POOR’S ASX 300 INDEX

Woodside lifts output target

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Original article by Brian Robins
The Australian Financial Review – Page: 15 : 18-Jul-14

Australian-listed Woodside Petroleum produced 23.5 million barrels of oil equivalent in the second quarter of 2014, while sales were 24.8 per cent higher at $US1.67bn. There was an 8.7 per cent increase in output at the Pluto LNG project. Woodside now expects full-year output to be within the range of 89 million to 94 million barrels of oil equivalent

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, ROYAL DUTCH SHELL PLC, UBS HOLDINGS PTY LTD

Woodside gas deal ramps up trading arm

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Original article by Brian Robins
The Australian Financial Review – Page: 17 : 2-Jul-14

A LNG marketing and trading division was established by Australian-listed Woodside Petroleum in 2011. After recently abandoning a planned major investment in a gas field offshore Israel, Woodside has now boosted the trading arm by signing a deal with US group Cheniere Energy. The latter will supply 850,000 tonnes of LNG annually for two decades and possibly a third, from its Corpus Christi facility in Texas. Woodside will buy the gas for 15% above the domestic US spot price and an additional $US3.50 per million British thermal units

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, CHENIERE ENERGY INCORPORATED, BG GROUP PLC, BP PLC, CREDIT SUISSE (AUSTRALIA) LIMITED

Shell deal may hurt Woodside growth plans

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Original article by Paul Garvey
The Australian – Page: 20 : 6/19/2014

The stock of Australian-listed energy group Woodside Petroleum on 18 June 2014 closed $A1.95 lower at $A40.90. This compares with a price of $A41.35 for the institutional investors acquiring scrip in the partial divestment of its Woodside stake by Royal Dutch Shell. As part of the reduction from 23.1% to less than 4.5%, Shell is also selling $US2.68bn ($A2.86bn) worth of stock back to Woodside. Experts warn this may hamper the latter’s acquisitions strategy. Woodside needs to secure a major new project to fill a gap once current LNG developments mature

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, ROYAL DUTCH SHELL PLC, BHP BILLITON LIMITED – ASX BHP, DEUTSCHE BANK AG, UBS HOLDINGS PTY LTD