Don Voelte News
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Seven West Media Ltd., Australia’s most watched television broadcaster, reported a first-half loss after making A$261 million ($270 million) of charges including writing down its magazines and online venture with Yahoo! Inc.
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Woodside Petroleum Ltd. Chief Executive Officer Don Voelte said Australia’s proposed 40 percent tax on resource profits may hurt the ability of companies to borrow money and draw foreign investment.
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Woodside Petroleum Ltd. , Australia’s second-largest oil producer, said it would acquire a partner’s stake in the proposed Browse liquefied natural gas project should one of the companies opt to sell.
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Woodside Petroleum Ltd. Chief Executive Officer Don Voelte plans to retire in the second half of 2011 after the company’s A$13 billion ($12.8 billion) Pluto natural gas project begins production.
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Woodside Petroleum Ltd., Australia’s second-largest oil and natural gas producer, named Peter Coleman , a 27-year Exxon Mobil Corp. veteran, as the new chief executive officer to replace Don Voelte .
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Woodside Petroleum Ltd. is being “proactive” with Royal Dutch Shell Plc about its remaining shares in the Australian company after the sale of a 10 percent stake last year, Chief Executive Officer Don Voelte said.
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Woodside Petroleum Ltd. may need a “diplomat rather than an explorer” to overcome obstacles to developing natural gas projects after Chief Executive Officer Don Voelte retires, Goldman Sachs & Partners Australia Pty said.
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Woodside Petroleum Ltd. Chief Executive Officer Don Voelte said he’s still seeking to resolve a dispute with East Timor over how to develop the Sunrise project after meeting with the country’s president.
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Any takeover of Woodside Petroleum Ltd. , a laggard in an industry that has made it the subject of merger speculation, would be most expensive.
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Woodside Petroleum Ltd. Chief Executive Officer Don Voelte said he’s concerned about the development of the Sunrise gas project off northern Australia after East Timor objected to the company’s plans for the field.
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