OPERATIONS

Woodside ups Scarborough capex

WOODSIDE Petroleum has increased estimated costs for its Scarborough LNG project telling the market a week after job cuts began that the project is now 5% above its previous November 2019 estimate.

Helen Clark

Woodside acting-CEO Meg O'Neill

The job cuts are part of a planned 30% cost reduction through the business recently announced by interim CEO Meg O'Neill, but the 5% Scarborough cost increase is lower than many expected and has been...

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