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Woodside shuts some oil production on cyclone forecast 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 ...

Woodside: still backs James Price Point for Australia LNG        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 ...
Japanese in big Australian LNG buy     SYDNEY: Japanese firms have taken their biggest step into Australia's growing Liquefied Natural Gas (LNG) sector, with five major power companies signing a sales deal worth Aus$70 billion (US$71.8 billion). The Japanese utilities Tuesday committed to buying 4.0 million tonnes per annum (mtpa) of LNG from Australia's proposed Ichthys Project for 15 years, ahead of a final investment decision on the project, owner Inpex said. Inpex said the total volume of 8.4 million tonnes per annum of ...
BHP completes Petrohawk takeover      SYDNEY: Mining giant BHP Billiton said on Friday it had completed its US$12.1 billion takeover of the US-based Petrohawk Energy Corporation. The company, which posted a record-breaking financial year profit of US$23.6 billion this week, said the deal was sealed through a short-form merger under Delaware law. This was the final step of the acquisition process and follows the previously announced completion of the tender offer by BHP to acquire all outstanding Petrohawk common stock. BHP Billiton petroleum ...
BHP secures takeover of Petrohawk SYDNEY: Mining giant BHP Billiton said on Sunday it had secured its $12.1 billion takeover of US energy firm Petrohawk Energy Corp and hoped to legally formalise the tie-up "as promptly as practicable". BHP said it had acquired "and expects to promptly pay for" 97.4 percent of Petrohawk's outstanding shares in a deal worth $15.1 billion, including the energy company's debt. "As the final step of the acquisition process and following payment for all shares... BHP Billiton ...
Australia MELBOURNE: Woodside Petroleum , Australia's biggest oil and gas company, sees a strong continuing role for oil in the company's business, the firm said on Wednesday. "I certainly do see a strong continuing role in our business for oil," Woodside's new chief executive, Peter Coleman, told reporters. Oil contributes 36 percent of the group's revenue, a significant chunk for a company largely seen as an LNG player. Woodside earlier topped market forecasts with a rise in first-half ...
Union plans more work stops at BHP Australia coal mines SYDNEY: Two coal mines in Australia operated by BHP Billiton will be hit by more industrial action by union workers this weekend ahead of meetings next week over a new labour agreement, a union official said on Friday. Rolling 12-hour work stoppages are scheduled for the Gregory and Blackwater collieries in the Bowen Basin coalfields of Queensland State jointly-owned by BHP Billiton and Mitsubishi and operated by BHP Billiton, Construction Forestry Mining and Energy Union (CFMEU) ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln