Woodside Petroleum has posted a smaller half-year revenue and minimize its interim dividend, due primarily to an prolonged upkeep interval at its Pluto LNG facility, which led to manufacturing delays.
Australia’s largest oil and gasoline firm says revenue was additionally harm by disruptions to sure operations from Cyclone Victoria and as a consequence of its Ngujima-Yin facility in Western Australia staying offline for a while.
It reported web revenue of $419 million for the half-year ended June 30 in contrast with $541 million a 12 months earlier.
The extended upkeep at its Pluto LNG facility as a consequence of technical points resulted within the firm reporting a pointy drop in its second-quarter income final month, its first decline in six quarters.
For the total 12 months, Woodside barely lowered the higher finish of its funding expenditure forecast to $1.55 billion, about 9.zero per cent lower than estimated.
Woodside is on the forefront of liquefied pure gasoline (LNG) investments in Australia with its Scarborough and Browse tasks, aiming to make remaining funding selections in 2020.
Chief govt Peter Coleman stated…