However, S&P Global Ratings reaffirmed Woodside’s long-term issuer credit rating of “BBB+” on hopes that the energy company’s high exposure to LNG and low-cost assets could somewhat counter the risk.
Woodside has been working with Total SA and Myanmar-based MPRL E&P to develop Myanmar’s first ultra-deepwater gas project.
Check out the latest oil and gas drilling activity highlights from around the world including a new gas condensate find in the Norwegian Sea by ConocoPhillips plus Equinor’s latest oil discoveries offshore Newfoundland, Canada.
The company said it was preparing to build the final subsea infrastructure for the project.
Italian oil and gas group Eni SpA has put on hold the sale of Australian gas assets it values at around $1 billion after they failed to attract satisfactory bids, the sources say.
Multiple discoveries by Occidental in New Mexico’s Eddy County, EOG Eagle Ford, Permian Basin and Niobrara completions plus Exxon Mobil boosts the resource potential for its development offshore Guyana top drilling activity highlights from around the world in 2020.
The result marked a big disappointment for BP's partners in the prospect, which had been seen as a potential gas supplier to the North West Shelf LNG plant, where BP is a co-owner, within five to 10 years.
Woodside Petroleum and its North West Shelf LNG venture partners executed two agreements to process gas through the project's facilities in Western Australia, the gas producer said on Dec. 23.
An Australian community group has launched a court challenge against Santos Ltd.’s A$3.6 billion (US$2.7 billion) Narrabri coal seam gas project, saying an independent panel that approved the development failed to consider its climate impacts.
Woodside Petroleum said on Dec. 21 an environmental body had decided to challenge approvals given to the company to process gas at two offshore oil and gas projects in Western Australia.