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Woodside Petroleum

Shell sells stake in Woodside for around $3.3B

AMSTERDAM (AP) 8 November 2010 — Royal Dutch Shell PLC said Monday it plans to sell a 10 percent stake in Woodside Petroleum Ltd., Australia’s largest independent gas and oil company, for around $3.33 billion.

Shell said Swiss bank UBS had agreed to underwrite the sale of 78.34 million Woodside shares at A$42.23 — a 7.9 percent discount to the company’s closing price Monday of A$45.86 per share. Shell will continue to hold an additional 24.27 percent of Perth-based Woodside, which it also plans eventually to sell. read more

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Shell to Sell Part of Woodside Stake

8 NOVEMBER 2010

SYDNEY—Royal Dutch Shell PLC said Monday that it has agreed to sell just under a third of its holding in Woodside Petroleum Ltd. to equity investors for 3.31 billion Australian dollars (US$3.36 billion).

Shell currently owns 34% of Australia’s biggest oil and gas company and said it will reduce its holding through the sale to 24.27%.

The sale by Shell of 78.34 million Woodside shares comprises 10% of the company’s issued capital. Shell has entered into an underwriting agreement with UBS to sell the shares at A$42.23 each. Woodside last traded at A$45.86. read more

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Shell to sell part stake in Australia’s Woodside

SYDNEY Nov 8 (Reuters) – Oil company Royal Dutch Shell Plc plans to sell down about a third of its stake in Australia’s largest oil and gas company, Woodside Petroleum, the UK-listed company said on Monday.

Shell said it was selling 10 percent of Woodside at A$42.23 per share in a sale underwritten by UBS, leaving it with a 24.27 percent stake which it would keep for at least a year.

The sale is part of a global effort to improve capital efficiency, Shell said.

(Reporting by James Regan, editing by Mark Bendeich) read more

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Shell to Invest in Australia as Gas Tops Oil in Drive for Cleaner Energy

Bloomberg

By James Paton – Aug 19, 2010 8:44 AM GMT+0100

Royal Dutch Shell Plc plans to spend as much as $50 billion in Australia over the next decade, more than in any other region, as Europe’s largest oil company continues a shift to gas production.

“The stars have aligned for Australia” because of improving technologies and increasing demand in Asia for cleaner-burning fuel, Ann Pickard, Shell Australia’s chairman and executive vice president for exploration and production, said in an interview in Brisbane today. read more

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East Timor Proposes $3.8 Billion Gas Hub on its Soil

Australia’s second-largest oil and gas producer and its partners, including Royal Dutch Shell Plc, have opted to rely on floating liquefied natural gas technology for the development, saying that it will deliver the most revenue to both Australia and East Timor. The government of East Timor objects to any plan that doesn’t include a gas processing plant in the country.

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Shell likely Santos suitor – analysts

9NEWS

Thursday March 25, 2010
By Rebecca Le May and Xavier La Canna

Woodside Petroleum Ltd has quashed talk of a $15 billion takeover bid for Santos Ltd as analysts suggest the smaller company is more likely to appeal to other predators.

Royal Dutch Shell or ExxonMobil were more obvious candidates for a takeover of the Adelaide-based company, analysts said on Thursday as Woodside and Santos both denied media reports of a planned takeover.

Woodside chief executive Don Voelte told a conference in Perth the company did not comment on market rumours “but I can also just tell you that there’s nothing to it”. read more

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Woodside May Seek Up to A$3 Bln From Rights Issue, Review Says

BLOOMBERG.COM

By Tim Smith

Dec. 14 (Bloomberg) — Woodside Petroleum Ltd. plans to seek as much as A$3 billion ($2.7 billion) from a rights issue as early as today to fund its liquefied natural gas expansion plans, the Australian Financial Review reported, citing sources.

Royal Dutch Shell Plc, which owns 34 percent of Woodside, plans to support the offer, which is expected to be handled by Citigroup Inc., UBS AG and Credit Suisse Group AG, the newspaper said.

To contact the reporter on this story: Tim Smith in Sydney at [email protected] read more

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Striking Woodside Workers Set to Return to Pluto Site Tomorrow

Dec. 2 (Bloomberg) -- Woodside Petroleum Ltd. said striking workers building the A$12 billion ($11 billion) Pluto liquefied natural gas project in Western Australia should return to work tomorrow after a two-day strike. Royal Dutch Shell Plc owns 32 percent of Woodside.

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Woodside, Chevron, Browse Gas Partners Given Deadline

Royal Dutch Shell Plc, Europe’s biggest oil company and a partner in Browse, said Nov. 26 it is still considering the development options and a decision “cannot be rushed.”

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Woodside Says It’s Not for Sale Amid BHP Speculation

BHP, the world’s largest mining company, may be interested in buying Woodside with the approval of 34 percent shareholder Royal Dutch Shell Plc, the Australian Financial Review’s Street Talk column said yesterday.

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Voelte takes on partners over Browse LNG project

This difference of view has resulted in what Voelte described yesterday, with rare understatement, as some "argy-bargy" between Woodside and the other owners of the Browse gas discoveries -- Chevron, BP, Shell and BHP Billiton. Now as anyone who knows the Other Don can tell you, Voelte is not easily intimidated.

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Shell CEO Peter Voser visits Canberra and Perth

Illustrating the growing importance Australia is taking in Shell's portfolio, newly installed chief executive Peter Voser has been visiting Canberra and Perth in recent days.

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Carbon Plan Puts Unfair Burden on LNG, Woodside Says

Woodside, 34 percent held by Royal Dutch Shell Plc, operates and owns one-sixth of the North West Shelf Venture, Australia’s biggest LNG producer, and is building the A$12 billion ($9.7 billion) Pluto LNG project. It’s among companies proposing some 10 LNG developments in Australia and Papua New Guinea targeting a forecast gain in demand in north Asia for cleaner-burning fuel.

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Woodside Freezes Wages, Cuts Budget After Oil Drops

May 1 (Bloomberg) -- Woodside Petroleum Ltd., Australia’s second-biggest oil and gas producer, said it will freeze salaries and has made “substantial” cuts in its 2009 budget as the global recession causes a slump in energy prices.

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Woodside Must Meet Safety Order to Restart Oil Field

Woodside, 34 percent owned by Royal Dutch Shell Plc, fell as much as A$1.61, or 4.2 percent, to A$36.69 on the Australian stock exchange and was at A$36.79 at 1:24 p.m. in Sydney. The decline was deeper than the drop of as much as 3.6 percent in the exchange’s benchmark energy index.

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Royal Dutch Shell said to be willing seller of 34 per cent stake in Woodside Petroleum

Financial Times

BHP Billiton , up 10.4 per cent to £15.13, was once again being linked with a potential bid for Woodside Petroleum. Royal Dutch Shell , Woodside’s 34 per cent shareholder, was said to be a willing seller.

FT ARTICLE

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Woodside ‘Remains Dismayed’ at Australia Carbon Plan

March 10 (Bloomberg) -- Woodside Petroleum Ltd., operator of Australia’s biggest liquefied natural gas project, said it remains “dismayed” that the country’s carbon trading plan fails to recognize the contribution of gas to cutting emissions.

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Woodside Petroleum year profit up 55 pct

Woodside, 34 percent owned by Royal Dutch Shell Plc (RDSa.L), said on Wednesday net profit before one-off items was A$1.832 billion in 2008, below expectations of A$1.99 billion based on an average forecast of 10 analysts polled by Reuters.

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Woodside Says Full-Year Profit to Be Cut by Charges

Jan. 22 (Bloomberg) -- Woodside Petroleum Ltd., Australia’s second-largest oil and gas producer, said full-year profit will be cut by about A$430 million ($283 million) of charges for foreign exchange losses, a suspended project and a tax provision.

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Woodside Q4 output up 28 pct, sees higher profit

Woodside, 34 percent owned by Royal Dutch Shell (RDSa.L), said reported net profit in 2008 would be between A$1.75 billion ($1.1 billion) and A$1.8 billion, about 70-75 percent higher than the previous year.

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Woodside Scraps Planned California LNG Import Project

Woodside, 34 percent owned by Royal Dutch Shell Plc, can’t say yet whether it would include a charge in its accounts for expenditure so far on the project, Martin said, declining to quantify the amount.

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Shell poised for Libra-1 return

Nexus Energy expects the drilling rig for the Shell-operated Libra-1 well off Western Australia to be re-crewed later this week after operations were suspended due to Tropical Cyclone Billy.

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Oil majors eye $5 billion ships to cut LNG cost

Anglo-Dutch oil major Royal Dutch Shell Plc is leading the charge but U.S. rivals Exxon Mobil and Chevron and Australia's Woodside are also eyeing Floating LNG or FLNG.

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Woodside Forecasts 33% Jump in Spending Next Year (Update1)

Woodside Petroleum Ltd., Australia's second-largest oil and gas producer, said capital investment may jump 33 percent next year as spending increases on building the Pluto liquefied natural gas venture to tap North Asian demand.

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Chevron Says Australian Carbon-Trading Plan Is a Threat to LNG

The Australian government proposes to start a carbon trading system on July 1, 2010, to tackle emissions blamed for global warming. Woodside Petroleum Ltd. and Royal Dutch Shell Plc are among other LNG producers in Australia who say a proposed draft of the plan, which excludes LNG companies from free emissions allowances, would threaten new projects.

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Woodside Delays Some Recruiting on Economic Slowdown (Update1)

Woodside, 34 percent owned by Royal Dutch Shell Plc, is building the A$12 billion ($8.4 billion) Pluto LNG project off the northwest coast and proposes to develop LNG ventures at the Sunrise field in the Timor Sea and at the Browse fields in Western Australia's far northwest.

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Market chaos won’t slow carbon scheme-Australia PM

Woodside, 34 percent-owned by Royal Dutch Shell Plc, said on Monday no projects would be shelved, but Voelte warned emissions trading would bring more unrest to Australia's economy and could cost jobs.

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Oil chief says customers will pay for tax

The energy group, which is 34 per cent-owned by Royal Dutch Shell, said net profits rose 67 per cent to A$1.02bn as it was bolstered by high oil prices. Under lying profit rose 86 per cent to A$1.01bn on revenue up 45 per cent at A$2.6bn.

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Woodside Says Carbon Plan Threatens $30 Billion LNG Project

BHP Billiton Ltd., BP Plc, Chevron Corp. and Woodside's 34 percent shareholder Royal Dutch Shell Plc have stakes in the project.

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LNG From Coal-Seam Gas Problems Are `Overstated,’ JPMorgan Says

Royal Dutch Shell Plc, Arrow Energy Ltd. andSunshine Gas Ltd. are among other companies planning LNG projects in Queensland using coal-seam gas.

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Emissions scheme adds to LNG costs, Shell says

Ms Cook, who is based in The Hague, said Australia was an attractive place to develop LNG because of its large resource base and its proximity to large markets in Asia. Shell owns 34 per cent of Woodside and has stakes in several potential LNG projects in Australia including Gorgon, Wheatstone, Browse, Sunrise, Prelude and a Gladstone project.

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Shell urges Rudd to protect LNG

Shell Australia chairman Russell Caplan and the company's global head of gas power Linda Cook said yesterday they would continue to work with the federal Government to ensure the interests of the emissions-intensive, trade-exposed (EITE) sector were catered for in the carbon trading regime.

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Woodside Petroleum Sales Rise 52% on Prices, Output (Update2)

The company, 34 percent-owned by Royal Dutch Shell Plc, began production at the 50 percent-owned Stybarrow field off northwestern Australia in November and the Neptune project in the Gulf of Mexico commenced earlier this month, while the Vincent oil project, also off northwest Australia, is set to start up in August.

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Chevron Triples Size of LNG Project After Drilling (Update1)

Woodside Petroleum Ltd., Inpex Holdings Inc. and Royal Dutch Shell Plc are among companies seeking to develop gas fields to benefit from increasing prices.

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Woodside Says LNG Market May Stay `Tight’ Beyond 2015

June 19 (Bloomberg) -- Woodside Petroleum Ltd., Australia's second-largest oil and gas producer, said the liquefied natural gas market will stay ``tight'' until 2015 and possibly beyond, driven by rising demand and delays in supply projects.

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Australia to Promote Coal-to-Liquids to Improve Energy Security

Monash Energy, a venture between Anglo American Plc and Royal Dutch Shell Plc, is considering building a plant in Victoria state to turn coal into motor fuel...

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Potential for BHP Billiton and Shell to finally resolve the Woodside question

...there is also a chance it’s the beginning of the end of a game that started several years ago when takeover moves by Shell for Woodside were knocked back on the grounds of Australian national interest. It was that government action in thwarting Shell which sparked earlier speculation that a big asset-swap could resolve the issue, with Shell selling its controlling 34% to BHP Billiton in exchange for other assets or cash.

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Cnooc, Other Chinese Oil Companies May Lead Oil Mergers

BLOOMBERG: Cnooc, Other Chinese Oil Companies May Lead Oil Mergers

“BG Group Plc, Repsol YPF SA, Woodside Petroleum Ltd. and even Royal Dutch Shell Plc also “could be in the hands of other players…”

Tuesday 23 August 2005

Aug. 23 (Bloomberg) — Cnooc Ltd., Petrochina Co. Ltd. and other Chinese oil companies may be back in the takeover hunt to get access to more reserves to meet demand in the country’s growing economy, a Foresight Research Solutions energy analyst says.

After the sting of Cnooc failing to prevail in the bidding for Unocal Corp., the company and its Chinese rivals are likely to stay away from U.S., Canadian, Australian and European targets, said Bernard Picchi, an energy analyst for Foresight in New York in a note to investors. read more

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The Australian: Chinese whispers wrong on Woodside

The Australian: Chinese whispers wrong on Woodside

“CHINA’S third-ranked oil company, the government-owned CNOOC, was not interested in making a takeover offer for Woodside Petroleum, it has told the West Australian Government.”

Tuesday August 16, 2005

Nigel Wilson, Energy writer

CHINA’S third-ranked oil company, the government-owned CNOOC, was not interested in making a takeover offer for Woodside Petroleum, it has told the West Australian Government.

The company’s CEO, Fu Chengyu, dismissed the suggestion at a meeting in Beijing last week with Western Australia’s State Development Minister, Alan Carpenter.

The English-speaking Mr Fu opened the discussion with the senior minister by openly addressing speculation that has helped drive Woodside’s shares hit record highs in recent weeks. read more

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Cnooc Stock Arcs to New High

THE WALL STREET JOURNAL: Cnooc Stock Arcs to New High

“Four years ago, the Australian government blocked an effort by Shell to take control of Woodside on grounds it wasn’t in the national interest and limited Shell to a 34% stake. Analysts assume a takeover by Cnooc would run into similar obstacles.” Lack of Unocal Strain Cheers Investors, but Old Problems Linger

By MATT POTTINGER
Staff Reporter of THE WALL STREET JOURNAL
August 15, 2005; Page C12

BEIJING — Its attempt to purchase Unocal has failed and its expansion strategy appears stuck.

So why is Cnooc performing so well on the stock market?

The share price of China’s No. 3 oil and natural gas producer touched an all-time high last week, closing Friday at HK$6.05 (78 U.S. cents) on the Hong Kong stock exchange. The stock has been buoyed by soaring crude-oil prices and by the removal of uncertainty surrounding Cnooc’s $18.5 billion bid for Unocal, analysts say. Cnooc withdrew the bid this month amid fierce opposition in the U.S. Congress, paving the way for rival bidder Chevron to acquire the El Segundo, California, oil company. read more

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AP Worldstream: CNOOC’s failed bid for Unocal only a temporary setback for Chin

AP Worldstream: CNOOC’s failed bid for Unocal only a temporary setback for Chin

“In Australia, where Chinese oil, mineral and steel companies have been actively courting strategic partners, a takeover attempt on Woodside would face “significant hurdles…”: “An attempt by Anglo-Dutch oil giant Royal Dutch Shell PLC to take over Woodside in 2000 was blocked by the government on national interest grounds.”

Sunday Aug 07, 2005

ELAINE KURTENBACH

Chinese oil company CNOOC’s failed bid for Unocal Corp. was a painful lesson for Beijing on the potential pitfalls of overseas mergers and acquisitions, but it’s unlikely to spoil China’s growing appetite for foreign investments _ including in the U.S.

Hungry for energy and other natural resources and driven by political and commercial imperatives to seek out new markets, advanced technology and brand names, Chinese companies are bound to keep hunting for global investment opportunities, despite the political risks, analysts said. read more

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NEW YORK TIMES: Aggressive Search by Cnooc for New Oil and Gas Seen

NEW YORK TIMES: Aggressive Search by Cnooc for New Oil and Gas Seen

The Chinese energy company Cnooc is preparing to mount an aggressive international search for oil”

Friday 5 August 2005

By DAVID LAGUE,

International Herald Tribune

Published: August 5, 2005

BEIJING, Aug. 4 – The Chinese energy company Cnooc is preparing to mount an aggressive international search for oil and gas supplies in the aftermath of its failed bid for Unocal, oil industry experts say.

In announcing on Tuesday that it would abandon its $18.5 billion offer, Cnooc, shorthand for the China National Offshore Oil Corporation, signaled that it would continue to work with foreign governments and companies in its search for overseas oil and gas reserves. read more

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North West Shelf Slated to Undergo LNG Expansion

THE WALL STREET JOURNAL: North West Shelf Slated to Undergo LNG Expansion

By STEPHEN BELL
DOW JONES NEWSWIRES
June 13, 2005

PERTH, Australia — Targeting growing energy demand in China and the U.S., Australia’s Woodside Petroleum Ltd. said Friday that its partners in the North West Shelf venture have approved a A$2 billion (US$1.5 billion) liquefied-natural-gas expansion.

Coming after last year’s A$2.7 billion upgrade, the latest investment means the Shelf will have doubled its LNG capacity in four years by the time the expansion is finished in mid-2008. read more

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Australia’s North-West Shelf gas project 2 bln aud expansion approved – report

AFX Europe (Focus): Australia’s North-West Shelf gas project 2 bln aud expansion approved – report

9 June 2005

SYDNEY (AFX) – The partners in Australia’s massive North West Shelf gas project have approved a 2 bln aud expansion to exploit soaring demand for liquefied natural gas from customers in China and Japan, The Australian Financial Review reported without citing sources.

It said official confirmation of the expansion is expected within days and is timed to allow the project partners, led by Woodside Petroleum, to retain the bulk of the workforce from an earlier 2.9 billion aud expansion. read more

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Shell’s all at sea from outages after delaying refinery overhaul

The Australian: Shell’s all at sea from outages after delaying refinery overhaul

Andrew Trounson

June 03, 2005

SHELL Australia’s decision to delay refinery overhauls in 2003 because of the war against Iraq has come back to haunt it as planned and unplanned outages last year all but wiped out profits at its refining and marketing business.

Coming at a time of strong petrol volumes last year on the back of its petrol discounting alliance with Coles Myer, the outages forced Shell to import product at a loss to cover demand.

Shell’s retail volumes jumped more than 30 per cent last year. read more

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Royal Dutch Shell News Friday, 8 April 2005

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Shell News Archive Tuesday 23 November, 2004

Shell News Archive Tuesday 23 November, 2004

Tuesday 23 November, 2004

Asia Times: Shell plans to source LNG for sale in India: “Royal Dutch/Shell is planning to source liquefied natural gas (LNG) from Oman, Qatar, Malaysia and Australia for sale in India from the first quarter of 2005. (ShellNews.net) 23 Nov 04

Financial Times: New accounting rules will cut Shell’s assets: “Royal Dutch/Shell will be forced to cut the value of its net assets by $4.7bn (£2.5bn) this year to bring its pensions reporting into line with radical accounting guidelines being introduced across Europe.”: “However, analysts separately raised concerns about Shell’s decision to change the way it reported on its Dutch exploration and production joint venture.” (ShellNews.net) 23 Nov 04 read more

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Woodside checks out early signs of African oil finds

Lloyds List: Woodside checks out early signs of African oil finds

“Shell and Pan-Ocean Energy have found oil with the Awokou onshore well in Gabon.”

Martyn Wingrove

Oct 06, 2004

WOODSIDE is evaluating signs that it has struck oil with its latest deepwater exploration wells in Mauritania, increasing its reserves in two key oilfield developments in the African country.

The Australian oil company is drilling a 21-well programme offshore Mauritania with two drilling units and has already gained encouraging indications of finding new oil reserves.

Semi-submersible Stena Tay, drilling on the Tevet prospect 10 km north east of the Chinguetti field, has encountered oil-bearing zones. It has started a logging programme on the well to provide more details of the potential reserves in the prospect. read more

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Woodside confident of Tiof field prospects

Financial Times: Woodside confident of Tiof field prospects

By Virginia Marsh in Sydney

Published: August 19 2004

Woodside, the Australian oil and gas producer, yesterday held out the prospect of bringing forward development of its Tiof discovery in Mauritania, saying it expected the field to be at least as big as Chinguetti, its other large project in the African country.

Don Voelte, the group’s chief executive, said while Tiof was still being assessed it was sure to be developed and a four-well appraisal programme was under way.

If successful, the field, discovered last year, could become Woodside’s second source of production by 2008. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Woodside outstrips profit expectations

Financial Times: Woodside outstrips profit expectations

By Virginia Marsh

Published: August 3 2004 04:00 | Last updated: August 3 2004 04:00

Woodside, the Australian oil and gas group which is part-owned by Royal Dutch/Shell, said yesterday that it expected net profit for the first half to beat expectations by 10 per cent.

Shares in the Perth-based group surged almost 4 per cent on the news to a record high of A$18.70.

The group, Australia’s biggest independent oil producer and the operator of the North West Shelf gas project, said it expected interim net profits of A$345m, up from the consensus forecast of A$314m. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.