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WPL Woodside Petroleum Limited

28.97
0.00 (0.00%)
25 Apr 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Woodside Petroleum Limited ASX:WPL Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 28.97 28.97 29.00 0.00 01:00:00

Woodside Slows Progress on Browse LNG Development

15/12/2014 10:25pm

Dow Jones News


Woodside Petroleum (ASX:WPL)
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From Apr 2019 to Apr 2024

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   By Ross Kelly 
 

SYDNEY--Woodside Petroleum Ltd. (WPL.AU) said Tuesday it's delayed making a decision on whether to proceed with the Browse gas-export joint venture.

Woodside and partners including Royal Dutch Shell PLC (RDSA.LN) and BP PLC (BP.LN) will now target a final investment decision in mid-2016, back from previous guidance of the second half of 2015, Woodside said.

Analysts estimate the floating liquefied natural gas project could cost around US$40 billion to build.

LNG is typically sold in contracts linked to the oil price, which has tumbled in recent months due to a global supply glut.

Write to Ross Kelly at ross.kelly@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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