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Markets Live, Thursday 15 July, 2021

Unemployment rate falls to 4.9% Unemployment fell to an 11-year low 4.9 per cent in June, beating analyst expectations, with the figures reflecting a Sydney that was yet to fully go into lockdown. The June figure was an improvement from 5.1 per cent in May, a 0.4 percentage point drop on March 2020, and the lowest the rate it has been since December 2010. The number of unemployed people fell by 22,000 in June, down to 679,000. This was around 325,000 people below the peak of 1 million unemployed people in July 2020. Sydney was yet to be fully locked down in June. Credit:AFR Employment increased by 29,000 people in June, which was below the average increase of 50,000 people we saw over the previous six months.

Sales pitch: Woodside ready for Scarborough/Pluto 2 partners

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Woodside puts Scarborough and Pluto LNG stakes up for sale - News for the Energy Sector

Woodside puts Scarborough and Pluto LNG stakes up for sale Australia’s Woodside said today that it has launched the sell-down processes for Pluto Train 2 and Scarborough ahead of a planned final investment decision (FID) for the LNG export development that is expected to cost more than $11 billion. Australia s Woodside has formally launched a sales process for its LNG project. Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Thank you for signing up to our newsletter. Something went wrong - please try again later. Sign Up Australia’s Woodside said today that it has launched the sell-down processes for Pluto Train 2 and Scarborough ahead of a planned final investment decision (FID) for the LNG export development that is expected to cost more than $11 billion.

Woodside s revenue up 67% in Q2

Woodside reports 67% jump in Q2 revenue Australia s Woodside on July 15 said its sales revenue in the three months through June 30 (Q2) was up 67% year/year owing to higher realised oil, gas and condensate prices. The company’s revenue rose to US$1.29bn from US$768mn a year earlier. Its revenue rose 15% quarter/quarter. Woodside said it produced 22.7mn barrels of oil equivalent during Q2, down from 25.9 boe in the same period last year. Output was impacted by bad weather and maintenance activity.  Woodside’s acting CEO Meg O’Neill said that the company had launched the formal sell-down process for up to 49% of its equity in Pluto Train 2. “In parallel, we have commenced a process to test the market for value-accretive opportunities to reduce our equity in the Scarborough resource,” she added.

Woodside announces second quarter report for period ended 30 June 2021

Woodside announces second quarter report for period ended 30 June 2021
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