How Myanmarâs gas industry survives the tumult
Activists say Western energy giants should get the hell out, but history suggests thatâs not going to happen - even if the country experiences a civil war.
So far, 739 people have been killed by the military, the Tatmadaw, for opposing the February 1 Myanmar coup.Â
AP
Apr 23, 2021 â 2.05pm
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Throughout Myanmarâs student uprisings of 1998, the 2007 Saffron Revolution, the pot-holed journey to quasi-democracy and this yearâs coup, the giant Yadana gas project has been a constant.
Now, with energy giants Total, Chevron and their Thai partner resisting calls to halt production, it looks like Yadana will continue to pump gas through what could be a protracted civil war.
Woodside interim boss OâNeill stakes claim for permanent posting
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Woodside Petroleumâs acting chief executive, Meg OâNeill, has signalled her ambition to be made the oil and gas giantâs permanent CEO, introducing organisational changes that observers say could help bolster her pitch.
Ms OâNeill started as the interim chief executive at Woodside this week, as the board of the $21 billion energy producer continues its search for a successor to former boss Peter Coleman.
Asked on Thursday whether she aspired to become permanent CEO, Ms OâNeill replied âyesâ.
Woodside (ASX:WPL) share price slides despite 22% revenue increase
Mitchell Lawler | April 22, 2021 1:22pm |
More on: Image source: Getty Images
The Woodside Petroleum Ltd (ASX: WPL) share price is moving lower today after the oil and gas producer released its FY21 first-quarter report.
At the time of writing, the Woodside share price is trading 1.30% lower to $22.70 per share.
Quarterly result details
Woodside delivered its financial and operational information for the quarter ended 31 March 2021. The oil and gas producer prefaced its results with impacts from heavy weather conditions. Although, this was offset by an increase in oil prices over the quarter.
Woodside produced 23.7 million barrels of oil equivalent (mmboe) during the quarter, 2% lower than its production in Q1 2020. Despite the impact on production, Woodside achieved a 22% increase in revenue quarter-over-quarter to $1.166 billion. An increase in the price of oil as economies continue to
By David Winning SYDNEY Woodside Petroleum Ltd. said its first-quarter sales revenue rose by 22% compared to the previous three months, as higher prices for its oil and gas production more than offset the impact of bad weather on its oil fields. Woodside reported sales revenue of US$1.12 billion in the three months through March, benefiting from a realized liquefied natural gas price of US$40 for each barrel of oil equivalent, up from US$28/BOE in the quarter before. It also achieved an average price of US$61 per barrel of crude oil priced using the Brent industry benchmark. The Perth-based company said its first-quarter sales revenue rose by 4% compared to the corresponding period of 2020.
Costs rise at Woodside’s Sangomar
Woodside Energy has increased the cost of its Sangomar project to $4.6 billion, gross, from $4.2bn.
Sangomar development
Source: Modec
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Woodside Energy has increased the cost of its Sangomar project to $4.6 billion, gross, from $4.2bn.
The company noted the increase in its first quarter results. The new sum follows a cost and schedule review on the first phase of the Senegalese project, completed early this year.