MARKETS

BHP assets to make up 70% of Woodside decom spend

THE merger between Woodside Petroleum and BHP's petroleum arm is going to add US$4.5 billion in decommissioning costs to the books.

Helen Clark

Woodside prospectus released to LSE overnight

When the deal closes, Woodside will have net tangible assets worth US$29.4 billion. Prior to the merger its assets were worth half that. Shareholders vote in May and the deal is expected for the beginning...

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