Woodside Petroleum Ltd. may try to lure an executive away from Royal Dutch Shell Plc , Chevron Corp. , BHP Billiton Ltd . or BP Plc to run the company after Don Voelte steps down as chief this year, analysts said.
China Petrochemical Corp. , the nation’s second-largest oil company, agreed to acquire 15 percent of an Australian gas venture planned by ConocoPhillips and Origin Energy Ltd. as part of a fuel-purchase accord.
Total SA , Europe’s third-largest oil producer, agreed to acquire 20 percent of Santos Ltd. ’s proposed liquefied natural gas project in Australia’s Queensland state for more than A$860 million ($790 million).
Woodside Petroleum Ltd. is dismantling parts of towers used to burn off excess gas at the A$13 billion ($12.7 billion) Pluto project before the cyclone season because they don’t meet its design specifications.
Woodside Petroleum Ltd. may delay the start of the A$13 billion ($12.7 billion) Pluto liquefied natural gas project in Western Australia until August 2011 and increase its cost estimate for the venture, Citigroup Inc. said.