Shell Unloads Huge Stake in Woodside Petroleum

James Paton and David Fickling June 17 (Bloomberg) -- Royal Dutch Shell Plc, Europe’s largest oil company, is selling most of its 23 percent stake in Woodside Petroleum Ltd. for about $5 billion after tax in Australia’s biggest energy assets’ deal. Shell is selling 78.3 million Woodside shares to investors, while the Australian company also plans to buy back the same … [Read more...]

Woodside Scraps $2.6 Billion Israeli Gas Deal as Talks Fail

May 21 (Bloomberg) -- Woodside Petroleum Ltd., Australia’s second-biggest oil and gas producer, scrapped an agreement to buy a quarter of Israel’s largest natural gas field for as much as $2.6 billion after talks to complete the deal collapsed. “Negotiations between the parties failed to reach a commercially acceptable outcome,” the Perth-based company said today in a … [Read more...]

As Woodside Acquires Stake in Leviathan, Israel Takes Step Toward LNG Exports

LONDON, Feb 7 (Reuters) - Israel has taken a step closer to becoming a natural gas exporter after Australia's Woodside Petroleum Ltd signed a deal to take a 25 percent stake in the huge East Mediterranean Leviathan gas field. The Australian company, considered a leader in the booming liquefied natural gas (LNG) sector, signed a preliminary agreement on Thursday to buy a … [Read more...]

Shell Exiting Woodside Seen Opening Door to China Bids

Dec. 16 (Bloomberg) -- Royal Dutch Shell Plc’s long-awaited sale of its $6.4 billion stake in Woodside Petroleum Ltd. may open the door for Asian buyers to grab a slice of Australia’s second-largest oil andgas producer, or even the whole company. Shell, which said last month it was entering “a divestment phase,” may exit its 23 percent holding in … [Read more...]