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.
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.
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. , 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.
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.
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.
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.