Business
Woodside scales up Scarborough LNG amid cost challenge – The Australian Financial Review
Oil and gas producers are confident LNG prices have turned the corner and are working to put growth ventures back on the development path after using the downtime…
Both Woodside and Santos posted third quarter sales that were dragged down by lower LNG prices, but both expect that the September quarter will be the trough for prices.
Santos posted higher revenues than Woodside, at $US797 million ($1.12 billion), helped by record production, with a marginal 2 per cent increase from the June quarter.
Woodside posted sales of $US699 million, down 9 per cent from the June quarter and 42 per cent below a year earlier. The average price Woodside got for LNG slid to…
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