MELBOURNE: Woodside Petroleum said it was considering selling a small stake in the huge Browse liquefied natural gas project in Australia, after receiving approaches from several firms. "In response to significant interest from a number of parties, Woodside is conducting a limited process to assess the potential sale of a minority portion of the company's equity in the development," the company said in a statement ot the stock exchange. The company put out the statement after The Australian reported that had launched a A$1 billion-plus auction of most of its stake in the Browse project. A sale would help extract early value from the delayed project, which analysts have estimated could cost around A$30 billion ($32 billion). Woodside owns 50 percent of Browse and is operator of the development. It plans to continue as operator. Its partners are BP, Chevron, BHP Billiton and Royal Dutch Shell. Woodside warned investors in December it might need to ...

  PERTH: Wooside Petroleum said on Wednesday it had shut oil production at its Vincent oil field off the coast of northwestern Australia due to a forecasted cyclone. A tropical low currently off the northwest coast will strenghten into a category two cyclone by Friday, according to Australia's Bureau of Meterology. Copyright Reuters, 2012 ...

  PERTH: Australia's Woodside Petroleum is still committed to developing the Browse LNG project at James Price Point, on the cost of northwest Australia, its chief executive Peter Coleman said. "James Price Point is clearly the main game for us," he told a conference call. Earlier Woodside warned it may need to delay a final investment decision on the huge Browse liquefied natural gas project by nearly a year to the first half of 2013. The warnings sparked further speculation among industry analysts that Woodside may revisit its plan to develop the project at James Price Point. Copyright Reuters, 2011 ...