The share price of oil and gas firm Woodside dipped on Friday after oil major Shell announced it would sell its stake in the Australian company. By: Esmarie Swanepoel 3rd February 2012 PERTH (miningweekly.com) The share price of oil and gas firm Woodside dipped on Friday after oil major Shell announced it would sell [...]
Posts Tagged ‘Woodside Petroleum’
Woodside Petroleum: To Shell or Not to Shell?
NOVEMBER 8, 2011 By Gillian Tan Its been a year to the day since Royal Dutch Shell blindsided Australias largest oil and gas company Woodside Petroleum by selling down a 10% stake for A$3.3 billion (US$3.4 billion). Appeasing Woodside, Shell promised to hold onto its remaining 24.27% interest for a year unless a takeover offer [...]
Shell goes with refining flow – all downhill
Illustration: Simon Letch Wednesday, April 13, 2011 The news that Royal Dutch Shell has bitten the bullet on its oil refining plant in NSW, Clyde Refinery, should come as no surprise. The economics of refining fuel are not what they used to be. For Shell in particular its move to pull back from this business [...]
Shell plays tough with BHP over Woodside deal
Woodside liquefied natural gas platform in the Timor Sea Source: The Australian Matt Chambers April 11, 2011 ROYAL Dutch Shell is playing hardball on a possible sale of its 24 per cent stake in Woodside Petroleum to BHP Billiton, its local chief declaring yesterday that Shell was in “no hurry” to do a deal. Speaking [...]
Shell to use Woodside stake sale to fund its own projects
February 23, 2011 SHELL Australia chairwoman Ann Pickard says the Anglo-Dutch giant is selling down its major stake in Woodside Petroleum so it can use the money to develop its own suite of projects in Australia. But Ms Pickard yesterday brushed off questions about whether Shell would soon sell its remaining $8 billion Woodside shareholding [...]
Shell: Prelude FLNG Go-Ahead ‘Next Few Months,’ More Planned
FEBRUARY 22, 2011 PERTH (Dow Jones)–Royal Dutch Shell PLC (RDSA) said Tuesday that it expects to sign off on its first floating liquefied natural gas project within months, and plans to build at least six FLNG plants around the globe. Shell hopes to take a “final investment decision in the next few months” on the [...]
Royal Dutch Shell discusses plans for 24% stake in Woodside Petroleum
21 Feb 2011 Woodside: despite the sell-offs chief executive Don Voelte maintains relations are still good between the two companies Anglo-Dutch oil giant Royal Dutch Shell is in talks with Woodside Petroleum about what it plans to do with its remaining 24% stake in the company after catching Australia‘s largest oil and gas producer on [...]
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 [...]
Shell to Sell Part of Woodside Stake
8 NOVEMBER 2010 SYDNEYRoyal 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 [...]
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, [...]
Shell to Invest in Australia as Gas Tops Oil in Drive for Cleaner Energy
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 Europes largest oil company continues a shift to gas production. The stars have aligned for Australia because of improving technologies [...]
East Timor Proposes $3.8 Billion Gas Hub on its Soil
Australias 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 doesnt include a gas processing plant in the country.
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 [...]
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 [...]
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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