Business
Woodside holds firm on Scarborough after $US4b loss – The Australian Financial Review
Woodside Petroleum is firmly pursuing a final go-ahead later this year on the $16 billion Scarborough gas project in Western Australia despite slumping to a $US4.03…
Final environmental and licence approvals are also still required, and are progressing, Woodside said.
The heavy bottom line loss for 2020 was caused by weighty write-downs taken in the June half, while underlying earnings slumped more than 50 per cent as lower prices took their toll.
Before one-time items, earnings slipped to $US447 million from more than $US1 billion in 2019, despite record full-year production of 100.3 million barrels.
Our disciplined balance sheet management has safeguarded…
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