MARKETS

Cost-cutting has reached limit: Westwood

New report sees slight increase in oil and gas unit costs

Westwood says Woodside was one of only two to see its net debt to earnings before interest, taxes, depreciation, depletion, amortisation and exploration expenses increase last year.

The report found that the weighted average unit cost base of the companies, which had fallen from US$39.4 per barrel of oil equivalent in 2014 to $32.6/boe in 2016, rose 2% $33.2/boe in 2017. Nonetheless,...

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A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.