AUSTRALIA

Cuts to jobs, expenditure and a stall on Sunrise for Woodside

WOODSIDE has flagged cuts to more than 300 jobs in the year ahead amid a cut to expenditure, also conceding it has hit a dead end with its Australian-East Timorese Sunrise LNG project.

Cuts to jobs, expenditure and a stall on Sunrise for Woodside

The Perth-based company posted a record underlying profit for 2014 of $US2.42 billion ($A3.09 billion), built on record production and operating revenue. Operational efficiencies were also achieved,...

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