WPL – Macquarie rates the stock as Outperform
The substantial fall in spot oil has meant prices are close to break-even levels for Woodside Petroleum and Macquarie observes resolving the supply uncertainty is now the clear catalyst.
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WPL – Macquarie rates the stock as Upgrade to Outperform from Neutral
Scarborough is progressing and set for a final investment decision in 2020. A tolling fee has been agreed and interest in the fields are now aligned for both Woodside Petroleum and BHP Group ((BHP)).
Read MoreWoodside Dividend Slashed On Canadian LNG Writedown
Woodside has slashed its final dividend after that $A1 billion-plus write down in the value of its 50% stake in a Western Canadian LNG project (revealed on Wednesday) took a big bite out of 2019 earnings.
Read MoreWoodside Flags Canadian Gas Charge Ahead Of Full Year Release
Oil and gas giant Woodside yesterday engaged in a bit of profit and loss spin by warning of a $1 billion write-down in the value of its western Canadian gas assets in its 2019 financial results to be released today.
Read MoreWoodside Offers Potential, And Potential Delays
Scarborough appears to be progressing but there was no update in the December quarter report regarding a gas agreement for Browse. Hence, delays feature in broker assessments of the outlook for Woodside Petroleum.
Read MoreWoodside Eyes 2020 Production Lift After Solid Q4
Woodside Petroleum reckons it is looking to boost 2020 production of oil and gas by 10% or more after reporting a near 7% rise in the Q4 production.
Read MoreWPL – Macquarie rates the stock as Neutral
The Sangomar project phase 1 has received final approval from the Senegalese government and will move to execution and development. This is a major step forward for the company’s growth strategy.
Read MoreCan The Resource & Energy Sectors Supplement Income Needs ?
With a backdrop of low interest rates where should investors seek yield? Informed Investor sat down with Scott Kelly, Portfolio Manager for the DNR Capital Australian Equities Income SMA to find out.
Read MoreWoodside Unveils Ambitious Plan To Triple Reserves
Ambitious plans revealed yesterday by Woodside Petroleum for the next seven years at an investor day presentation.
Read MoreResurgent Santos Overshadows Woodside
Woodside Petroleum and Santos produced very different quarterly reports yesterday.
Read MoreWoodside Shops Around Gas Assets In Australia, Canada
Rather than announce it in Australia where most of his company’s shareholders live Woodside CEO Peter Coleman has revealed plans to cut its stake in two key assets to raise funds for other developments in an interview with a global news agency.
Read MoreWoodside Cuts Dividend As Lower Energy Prices Bite
Shares in Woodside Petroleum have slumped more than 6% on a slide in world oil prices and a slashing of its interim dividend in the wake of a weak June half-year profit.
Read MoreWPL – Credit Suisse rates the stock as Outperform
Credit Suisse observes the shutdown at Pluto has affected revenue and production costs in the second quarter. Yet, the negatives in the June quarter are largely considered one-off and, the broker suspects, over emphasised by the market.
Read MorePluto Problems Dog Woodside
Woodside appears headed for a weaker interim result thanks to the gradual slide in oil prices in the June quarter and a surprise series of maintenance delays at its Pluto field off the WA Northwest coast.
Read MoreWPL – Citi rates the stock as Sell
A site visit to Woodside Petroleum’s Karratha failed to inspire the broker. While the company has moved towards a more conservative contracting strategy on its Scarborough project, bringing greater certainty for shareholders, it comes at an increased cost.
Read MoreWoodside Downgrades Production On Pluto Problems
Woodside has cut its 2019 production guidance by 3% after reporting problems at its Pluto LNG processing facility in WA.
Read MoreWPL – Deutsche Bank rates the stock as Hold
Deutsche Bank estimates 13.5mtpa of LNG contracts have been signed this year, up 67%.
Read MoreWPL – Citi rates the stock as Sell
March quarter production was -3% below Citi’s expectations because of unplanned outages in Western Australia. The company has indicated that Scarborough marketing is being slowed as prevailing prices have been too low.
Read MoreWPL – Credit Suisse rates the stock as Outperform
Woodside has secured a foundation customer for Scarborough. The deal is conditional on a final investment decision. Credit Suisse assumes Woodside has achieved the higher end of the 11.5-12% range for the LNG contract.
Read MoreWoodside Tight Lipped On Canadian LNG Expansion
Not a word yesterday from Woodside Petroleum about a report that it and partner Chevron Canada want to nearly double the size of its Kitimat LNG plant in Western Canada.
Read MoreEnergy Stocks Hit By Norway Exit
Shares in major ASX listed oil and gas groups were sold off yesterday after Norway’s huge sovereign wealth fund decided to sell billions of dollars of shares in energy groups.
Read MoreWoodside Ups Payout On Higher Energy Prices
As expected Woodside Energy’s annual profit has jumped by more than a quarter as it benefited from higher oil and LNG prices (in particular) and higher production.
Read MoreWoodside Left Stranded After Shell Sells Sunrise Gas Stake
East Timor and Shell have handed Woodside a major headache in the deal by Shell to sell its stake in the huge Sunrise gas field.
Read MoreWoodside, Santos Ride Higher Oil Prices
Solid Q3 production reports from energy majors Woodside and Santos show them catching the recent oil price surge with higher production and sales.
Read MoreWheatstone LNG Drives Woodside To Stronger Half
Woodside Petroleum has lifted interim dividend 8% to 53 cents a share after a solid first half effort reporting higher sales, profit and forecasting a lift in production for the year to December.
Read MoreWheatstone LNG Lifts Woodside Q2 Profit
Woodside Petroleum’s second quarter revenue jumped nearly 25% as global oil and gas prices surged and the slowly rising growth in output from the huge Wheatstone liquefied natural gas project.
Read MoreWoodside Eyes Texas LNG Exit
Woodside Petroleum seems to be continuing its LNG rationalisation phase and concentrating more on Australia, West Africa and Canada.
Read MoreWoodside Pumps Up Cost For Scarborough Gas
Woodside has told an investor day presentation that it has increased the cost of its Scarborough development by $US1 billion after lifting the processing capacity at its Pluto gas facility.
Read MoreWheatstone LNG Lifts Woodside Q1 Revenue
The surge in global oil and gas prices in the first quarter saw Woodside Petroleum’s first quarter revenue jump 30% from a year earlier, helped by higher production.
Read MoreBHP Deal Sees Woodside Take Control Of Scarborough Gas
Woodside is moving close to controlling the huge Scarborough LNG project off the Northwest coast of WA with news that it and the remaining partner, BHP, have agreed to Woodside will be the operator.
Read MoreWoodside Drops LNG Plan In Canada
It was notable that in January when Woodside surprised the market with a $2.5 billion capital raising that the company failed to mention Canada in explaining what it wanted the money for.
Read MoreCashed Up Woodside Eyes Gas Growth
It’s no wonder Woodside wants to raise $2.5 billion to spend billions on expanding its gas interests on the North West Shelf, it is swimming in hundreds of millions of dollars of cash, with more to come and that needs a profitable home.
Read MoreWoodside Eyes Higher Prices As Production Slips
Despite Woodside’s first shipment of LNG from the Wheatstone project and record production at the Pluto facility the oil and gas group failed to lift production in 2017.
Read MoreShell To Sell Down Woodside Stake
Investors in Woodside Petroleum will have to contend with the confirmation last night that Shell is about to sell most of its holding, with the rest not to far behind.
Read MoreWheatstone Delays Hit Woodside
A two month delay to the start up of the huge Wheatstone LNG project off the northwest WA coast has seen Woodside trim the upper end of its production forecast for 2017 with a quarter to go.
Read MoreUpbeat Woodside Lifts Profit, Payout
For the country’s largest standalone oil and gas group, Woodside, its first half financial report was far different in substance (a nice rise in profit), tone (more upbeat) and colour (now losses or red ink) than the full year report from Origin Energy yesterday and the loss-strewn half year expected from Santos.
Read MoreStorms Savage Woodside Production
Oil and gas giant Woodside Petroleum (WPL) has reported a drop in first-quarter revenue, thanks to lower production caused by bad weather which also contributed to a build up in inventories as a result of the disruption to its LNG sales.
Read MoreWoodside Awaits Energy Rebound
The rebound in oil – and gas – prices saw a apparent sharp surge Woodside Energy’s (WPL) earnings for the year to December, 2016 as it looks to higher output in the year ahead to maintain the growth momentum.
Read MoreWoodside Flags Production Drop
2017 could be a rough year for shareholders in Woodside Petroleum (WPL) – not from the continuing volatility in world oil prices, but from a year of sliding production before an upturn arrives in 2018 to halt the rot.
Read MoreWoodside Talks Down Wheatstone Costs
Investors in Woodside Petroleum (WPL) accepted its assurances yesterday that it would not be hit by the $US5 billion blowout in the cost of the Chevron run Wheatstone export LNG project off the WA northwest coast.
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