Woodside Petroleum Ltd., Australia’s second-biggest energy producer, may step up its hunt for acquisitions after scrapping a deal to buy a stake in Israel’s Leviathan natural gas project for as much as $2.6 billion.
Woodside Petroleum Ltd., Australia’s second-largest oil and gas producer, pressed Royal Dutch Shell Plc to take action on its A$7.3 billion ($6.6 billion) stake in the company, saying investors want “certainty.”
Woodside Petroleum Ltd., Australia’s second-largest oil producer, may delay an investment decision to develop the Browse liquefied natural gas venture by at least six months to 2013 as project costs climb.
Woodside Petroleum Ltd., operator of the A$15 billion ($15.6 billion) Pluto liquefied natural gas project in Australia, is considering expanding in Southeast Asia after reaching an exploration accord in Myanmar.
South Korea’s plan to almost halve its use of atomic power will prompt the world’s second-largest buyer of liquefied natural gas to sign new supply deals for the fuel, according to Woodside Petroleum Ltd.
Woodside Petroleum Ltd., developer of the A$14.9 billion ($15.5 billion) Pluto liquefied natural gas project in Australia, said demand for the less-polluting fuel will increase sixfold in China and India.
Woodside Petroleum Ltd. may become a more attractive target for BHP Billiton Ltd. if its shares remain “depressed” in Sydney after announcing a cost increase and delay at its Pluto gas venture, Credit Suisse Group AG said.