Business
Woodside stalls project plans amid oil market rout – Sydney Morning Herald
Woodside’s growth plans including a multibillion-dollar pipeline of new projects off the coast of Australia have been called into question.
Chief executive Peter Coleman on Wednesday said Woodside would delay making final investment decisions on Scarborough until 2021 and Browse until 2023, and use the time to consider ways to make the projects more competitive. While stressing Woodside’s commitment to the projects were unwavering, he said questions surrounding the growth plans were to be expected, given the turmoil gripping the oil and gas industry as lockdowns wipe out demand on a never-before-seen scale.
“That’s why we’ve been f…
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