MARKETS

Shell exits Woodside

WOODSIDE Petroleum CEO Peter Coleman has affirmed Shell’s future in the North West Shelf and Browse ventures after the Anglo-Dutch supermajor confirmed overnight it was selling out of Australia’s biggest oil and gas company for US$2.7 billion (A$3.54 billion).

Anthony Barich

The Hague-based oiler initially said its Shell Energy Holdings Australia Limited unit had done a deal with two investment banks to sell 71.6 million Woodside shares for A$31.10 a piece, then several hours...

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