News Wrap

IN THIS morning's News Wrap: Woodside chair says Western Australia isn't bust yet; UK flags oil exploration tax breaks; New petroleum player Freeport eyes $5 billion of divestments; and Eni loses Brazilian court battle.

WA not bust yet

Woodside and National Australia Bank chairman Michael Chaney, who is doubly qualified to attend the Australian and Deutsche Bank Business Leaders Forum in Perth, yesterday told

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