Business
Woodside in ‘no-brainer’ Senegal oil deal – The Australian Financial Review
Woodside has stepped in to prevent India’s ONGC buying a stake in its $US4.2 billion Senegal oil project, agreeing to purchase the holding itself.
Still, JPMorgan’s Mark Busuttil noted that it will increase Woodside’s capex burden by about $US600 million to cover a greater share of the construction budget,
Woodside has been seeking to reduce its stake in Sangomar to 40-50 per cent, and the latest deal gives it a bigger interest to offer to potential bidders but also increases the sell-down task in a market with heightened uncertainty around future demand and prices for oil, and around appetite for oil production assets.
Mr Busuttil said it…
-
Noosa News13 hours agoQueensland coroner investigates ‘extremely unusual’ deaths of premature twin boys
-
General15 hours agoReuven Morrison was killed in the Bondi Beach shooting one year after warning about antisemitism
-
Noosa News15 hours agoUpdate: Attempted murder charges, Maroochydore
-
General16 hours agoNT’s top year 12 achievers celebrated, with some looking to pursue teaching careers