LNG

Woodside Petroleum, the operator of two liquefied natural gas export plants in Western Australia, posted 63 percent higher second-quarter revenues of US$1.32 billion compared with US$805 million in the same period last year as Asian LNG demand surged and prices increased.

Australian LNG operator Woodside Petroleum has completed its acquisition of a stake valued at more than US$600 million from UK-listed Cairn Energy, giving it overall control of the oil development in Senegal offshore West Africa, which has emerged as a major Atlantic Margin oil and gas province amid major discoveries.