Tag: WPL

It shouldn’t be such a surprise that Woodside Petroleum says the costs of its Pluto LNG project, offshore from Western Australia, have blown out by up to 10%, or around $1.2 billion.

Woodside cracked the billion dollar profit mark for the first time in the June 30 half as it rode oil and gas price higher and higher.

It’s getting to be an annual event now.

Oil and gas producer Woodside Petroleum Ltd has maintained its production target for calendar 2008, after reporting a 5% rise in revenue for 2007 and leaving the suggestion in the minds of some in the market that the record oil prices seen in the closing half of 2007 passed the company by.

Oil and gas producer Woodside Petroleum (WPL) reported an increase in fourth quarter production and sales revenue, largely due to start up of its most anticipated project, the Stybarrow oil field development.

Shares in oil and gas company Woodside Petroleum (WPL) rose as much as 4% to $48.80 on Friday after the company said it signed an LNG agreement with Taiwan's CPC Corporation.

For the second time in a month Woodside Petroleum has downgraded its outlook: this time for the 2008 year.

Australia's second-largest oil and gas producer Woodside Petroleum (WPL) fell as much as 7.65% percent today after it cut its 2008 production forecast by as much as 20 percent.

Australian investors are a forgiving lot; at times.

Unlike 2006 and its surprises, 2007 seems to be a much smoother year for the country's second ranking oil and gas group, Woodside Petroleum.