Woodside has ditched the plan to sell a stake in its Sangomar oil project as it reported a 44 per cent jump in revenue in the June quarter to $5 billion.
Woodside Energy has scrapped the plan to sell a stake in its Sangomar oil project in Senegal as it reported a 44 per cent jump in revenue in the June quarter, buoyed by booming oil and gas prices and a 60 per cent surge in production after the merger with BHP Petroleum.
Chief executive Meg O’Neill said the decision to abandon the process to sell down a minority stake in the project, currently in construction of the coast of the West African nation, came following “extensive discussions with potential new partners”.Trevor Collens Sales increased to $US3.438 billion in the April-June period, more than 160 per cent higher than the year-earlier figure of $US1.327 billion, thanks to the contribution from BHP’s oil and gas business, which
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