Xavier Grunauer News
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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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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. 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.
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Origin Energy Ltd. , Australia’s largest energy retailer, plans to raise A$2.3 billion ($2.3 billion) selling shares to reduce debt after buying power assets from the New South Wales state government.
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Woodside Petroleum Ltd. climbed to the highest in 11 months amid forecasts that Japan’s nuclear reactor crisis will increase natural gas demand and speculation BHP Billiton Ltd . may be interested in buying a stake.
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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).
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Woodside Petroleum Ltd. , Australia’s second-largest oil and gas producer, said 2010 profit rose 7 percent because of higher prices and record output and sales at its North West Shelf natural gas project.
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CLP Holdings Ltd. , Hong Kong’s biggest power supplier, and Origin Energy Ltd. won electricity assets in Australia’s New South Wales state for $5.3 billion, outbidding AGL Energy Ltd. to gain about 3 million customers.
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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.
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Nomura Holdings Inc. analyst Xavier Grunauer said he plans to move to the firm’s Sydney office within a month as the Japanese brokerage expands coverage of the Australian liquefied natural gas industry.
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