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Google News: Australian Stock Market Report – Midday
[International Business Times AU] - WPL's Chief Executive Officer (CEO), Peter Coleman said that "This quarter saw continued strong performance from the foundation business further enhanced by Pluto production, which has exceeded expectations with the delivery of eight LNG cargoes."
Market welcomes Woodside's $2bn sale of Browse gas stake
www.theaustralian.com.au
[The Australian] - PETER Coleman has pulled off his first major deal since taking the reins at Woodside Petroleum a year ago, selling a chunk of the company's stake in the planned Browse gas project to Japanese interests for $US2 billion ($1.9bn).
Woodside nets $US2b in Browse sell-down
au.news.yahoo.com
[The West Australian] - "This agreement reflects Woodside's focus on building strategic relationships to capture value from opportunities which build on the company's capabilities,” Woodside chief executive Peter Coleman said. Premier Colin Barnett welcomed the announcement
Government's surplus fixation at odds with Reserve Bank
www.theaustralian.com.au
[The Australian] - The deal is a coup for new Woodside boss Peter Coleman, and it also vindicates his predecessor Don Voelte's faith in the Browse project. Woodside's stake is now down from 46 per cent to just per cent, reducing its risk.
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