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Evolving for a new era

WOODSIDE Petroleum chief operating officer Michael Utsler has confirmed the Perth-based major is bracing for a "lower for longer" oil price scenario, but indicated the industry faces a limited window to recruit data scientists to digitise itself so it can not only survive the downturn but come out stronger at the other end.

Anthony Barich
Evolving for a new era

Woodside has a strong balance sheet and low development cost relative to its Aussie peers, but is still at risk of a ratings downgrade by Moody's, having warned of up to $1.2 billion in write-downs on...

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