WPL Share Price History
18 May, 2021
The exit would comprise the sale or wind-up of agreements and assets on the Pacific Trail Pipeline route and at the site for the proposed facility, Woodside Petroleum said. The proposed project's operator Chevron Canada, a unit of U.S. oil and gas major Chevron, had already decided to divest its 50% interest in December 2019, and stopped feasibility work at the site in March this year. "The Kitimat LNG proposal was designed to develop a new source of LNG to supply Asian markets in the latter part of this decade," Woodside acting Chief Executive Officer Meg O'Neill said in a statement.
Australia's Woodside Petroleum Ltd said on Tuesday it would sell its 50% interest in the proposed Kitimat liquefied natural gas (LNG) development project in Canada, and expect a hit of about $40 million to $60 million in full-year net profit as a result. The exit would comprise the sale or wind-up of agreements and assets on the Pacific Trail Pipeline route and at the site for the proposed facility, Woodside Petroleum said. The proposed project's operator Chevron Canada, a unit of U.S. oil and gas major Chevron, had already decided to divest its 50% interest in December 2019, and stopped feasibility work at the site in March this year.
13 Mar, 2021
Following a failed attempt to get into Senegal’s offshore oil boom in 2020, LUKOIL is returning in an attempt to capture another piece of its promising Sangomar oil field
09 Mar, 2021
Companies such as France’s Total or U.S.-based Chevron have worked for decades with the Myanmar Oil and Gas Enterprise (MOGE), which, according to the UN investigator, "is now controlled by the military junta and represents the single largest source of revenue to the state". Below are facts about Myanmar’s energy sector and the main players. France’s energy major has been a key player in Myanmar since 1992, developing the country’s top gas fields, Yadana and Sein, which started producing gas in 1998.
In this article, we will take a look at the 15 Most Valuable Australian Companies. You can skip our detailed analysis of Australia’s economy and go to the 5 Most Valuable Australian Companies. Australia proved to be one of the most resilient economies in the wake of the coronavirus crisis. The Australian Bureau of Statistics (ABS) announced […]
21 Feb, 2021
Last week, you might have seen that Woodside Petroleum Ltd ( ASX:WPL ) released its yearly result to the market. The...
18 Jan, 2021
Woodside Finance Limited -- Moody's announces completion of a periodic review of ratings of Woodside Petroleum Ltd
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Woodside Petroleum Ltd and other ratings that are associated with the same analytical unit. Key rating considerations are summarized below.
08 Dec, 2020
MELBOURNE (Reuters) -Woodside Petroleum Ltd said on Tuesday it has started looking for a successor for its long-time chief executive Peter Coleman who plans to retire in the second half of 2021. The change in guard comes at a tricky time for Australia's top independent gas producer. Woodside is preparing to make a final investment decision on its prized Scarborough gas project, while it also tackles the challenges of a long-term transition towards cleaner energy.
26 Nov, 2020
Woodside Petroleum Ltd (ASX:WPL) shareholders should be happy to see the share price up 28% in the last month. But...
12 Nov, 2020
Australia's Woodside Petroleum shelved talks to sell stakes in a gas field and liquefied natural gas (LNG) project to Chinese firms because of the diplomatic row between Australia and China, the company's chief executive said on Thursday. Chief Executive Peter Coleman said the talks were stopped a few months ago but he hoped to revive them when the diplomatic spat subsides. Diplomatic relations with China, Australia's biggest trading partner, have soured after Canberra called for an international inquiry into the source of the coronavirus.
11 Nov, 2020
Seeking to rebuild itself amid a downturn in the oil and gas industry, cash-strapped FAR defaulted on its project contributions in June and warned it would forfeit its interest without compensation if obligations were not fulfilled within six months. Sangomar is a joint venture with Australia's Woodside Petroleum and Senegal's national oil company, Petrosen.
07 Sep, 2020
A discovery of ancient artefacts on the seabed off Australia's west coast has opened up a new frontier for resource companies to watch out for in conserving indigenous heritage. Archaeologists in July reported they had found hundreds of stone tools submerged off the Dampier Archipelago in Western Australia, showing evidence of people living in the area when it was dry land more than 7,000 years ago. The two sites are about 5 km (3 miles) east of where Woodside Petroleum , Australia's top independent gas producer, plans to build a pipeline connecting its Scarborough gas field to its Pluto gas plant on the Burrup Peninsula.
30 Aug, 2020
Fancy buying a luxury property in the Golden State? California boasts the innovative tech culture of Silicon Valley and beautiful beaches and this luxurious Hilltop House is on sale for $24.8 million.The property on 234 Albion Avenue, Woodside, California, was designed by architect Gardner Dailey and built back in 1935. The Woodside home has over 11,400 square feet of interior space on a 3.31-acre property.The grounds include a pool, tennis court, and lawns ideal for hosting family or philanthropic events. Located in the heart of central Woodside the property is just minutes to Stanford, Silicon Valley and located near two airports.The property is set far back from the street with added layers of privacy from redwood groves and a vast meadow adjoining a conservation easement.The three-story residence is classically appointed with hardwood floors, refined millwork, and grand formal rooms complemented by a parlor, entertainment bar, library and chef's kitchen.There are also three levels of classically appointed interiors with hardwood floors, millwork, grand formal rooms and a chef's kitchen.Personal quarters include a total of eight bedrooms, including the lavish multi-room master suite, plus extended family living quarters with full kitchen, and lower-level staff quarters.See more from Benzinga * Elon Musk Unveils Neuralink's Brain Implant In Pigs: Expects To Cure Ailments * Why Forte Biosciences's Stock Is Trading Higher Today * Why Fortress Biotech's Stock Is Trading Higher Today(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
19 Aug, 2020
It looks like Woodside Petroleum Ltd (ASX:WPL) is about to go ex-dividend in the next four days. If you purchase the...
04 Aug, 2020
Australian shares rose 2% on Tuesday to notch their best intraday session in two weeks after a tech-led overnight rally on Wall Street and strong manufacturing data from leading economies bolstered risk appetite. The tech-heavy Nasdaq Composite finished at an all-time high overnight as U.S. tech giant Microsoft Corp's pursuit of Chinese-owned TikTok's U.S. operations lifted sentiment. Investors also placed bets on further U.S. stimulus as Congressional Democrats and White House negotiators said they had made progress in discussions over a coronavirus relief bill.
30 Jul, 2020
(Bloomberg Opinion) -- In folklore, the will-o’-the-wisp is a spirit that lives in marshlands, beckoning night-time travelers with its mysterious light until they stumble in darkness to their demise.The phenomenon is thought to be caused by igniting swamp methane, so it’s oddly appropriate that one of the world’s largest exporters of such fossil gas seems intent on pursuing that industry to its own destruction. An Australian task force on helping the manufacturing industry recover from Covid-19 will recommend subsidies for gas infrastructure and bringing in the government as a guaranteed buyer if commercial customers don’t show sufficient demand, the Sydney Morning Herald and Age newspapers reported Wednesday.That’s an extraordinarily bad idea. Australia’s determination to use taxpayer funds to bring uncommercial gas projects online has helped swell a glut of methane in the seaborne trade over the past decade as operators including Chevron Corp., Santos Ltd., Origin Energy Ltd., Royal Dutch Shell Plc, and Woodside Petroleum Ltd. built plants capable of exporting more than 100 billion cubic meters a year. That oversupply has pushed spot prices for Asian liquefied natural gas as low as $2 per million British thermal units this year, an 80% drop on levels that prevailed a decade ago. Despite its own surging exports, that hasn’t been a win for Australia.While exports of oil and LNG now total around A$60 billion ($43 billion) a year, an immense tax offset granted to builders of export facilities worth nearly a quarter of a trillion dollars has ensured that revenues from petroleum taxes average little more than A$1 billion annually. Qatar, which is still marginally ahead as the world’s biggest LNG exporter, has built an entire economy on petroleum royalties. Australia, on the other hand, makes more than twice as much from beer excise tax.The building of the current crop of export facilities sparked a jobs boom nearly a decade ago, but that dissipated once construction ceased. Employment in oil and gas production now totals about 20,500 people. Bookings agent Flight Centre Travel Group Ltd. has a workforce about the same size as Australia’s entire upstream petroleum industry.To be sure, oil and gas extraction is now a significant sector, accounting for about A$44 billion of gross value added per year. Still, the 2.3% of gross domestic product looks like a poor return on the decades of industrial policy that were needed to develop it.The current push for further subsidies is likely to make a bad problem worse. It’s a priority for a manufacturing task force because the previous gas projects on the populous east coast were designed entirely for export, starving industry of the artificially cheap fuel that some countries (and the remote state of Western Australia) reserve for domestic use.But Australia’s industrial sector is never going to be a powerhouse worthy of such interventions. Labor costs are too high and its location too remote from global supply chains for the country to be a significant player in large-scale complex manufacturing, as demonstrated by the collapse of its car industry over the past decade.Any set-aside gas generated as a result of the proposed policies is most likely to end up used in low-value applications like explosives and fertilizer. Together. these account for just a percentage point or so of goods exports, which don’t include major services exports such as tourism and education. At a time when the European Union and Joe Biden’s presidential campaign are looking at imposing tariffs or quotas on carbon-intensive imports, the idea that gas-fired manufacturing will lead to a renaissance of Australian industry seems delusional.The ultimate problem is that from the perspective of global petroleum companies, Australia’s relatively high costs put its potential projects outside the range of viable investments — and that field is already narrowing, thanks to the recent collapse in oil prices and rise of electrified transport.Only government spending and tax shields are capable of shifting Australian projects far enough down the cost curve to make sense, but that means that they’ll always be marginal and dependent on ongoing support. A typical 30-year gas project starting development in 2020 would face challenges to getting financed in a world that hopes to eliminate carbon emissions by 2050, but plenty of projects still manage. Indeed, the 96 billion cubic meters of new LNG capacity signed off last year was a record.Investors are quite capable of finding the rare fossil fuel projects that are strong enough to make a return in a de-carbonizing world. The trouble is, it’s not seeing them in Australia. Rather than using taxpayer money to put its thumb on those scales, Australia would be better stepping back and letting the market decide.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
15 Jul, 2020
Woodside Petroleum has warned that it expects to take a post-tax hit of $4.37 billion in its financial results for the first half of the year.
25 Jun, 2020
On top of the default announcement, FAR also revealed more job losses and executive pay cuts.
24 Jun, 2020
The gas industry sees no change to the strong long-run outlook for demand following the COVID-19 crisis, but expects a supply shortfall in the next four years as the pandemic lockdowns and oil price collapse lead to delays on gas projects. "We see the need for substantial investment in new projects and new liquefaction," Exxon Mobil Corp's Australia Chairman Nathan Fay said at Credit Suisse's annual Australian Energy Conference.
Australian listed oil and gas company FAR Ltd said on Wednesday its unit had defaulted on its obligations to the Sangomar joint venture project in Senegal while the company looks to save cash and sell its interest in the project. Sangomar, operated by Australia's Woodside Petroleum , has been a pain-point for FAR in recent months after the company failed to secure debt to fund it, following a plunge in global oil prices amid the coronavirus pandemic. FAR said it was still considering selling all or part of its interest in the project, adding that it would forfeit its interest without compensation if obligations were not fulfilled within six months.