Woodside Petroleum has reported a full-year profit after tax of over $1.5 billion, signalling a strong year ahead of development activity for the company.
In 2011, Woodside, as operator of the North West Shelf (NWS) Project, loaded 255 cargoes of LNG on behalf of the NWS Project participants. Pipeline gas production continued to meet customer demand in 2011, with 100 per cent of reliable delivery of 85,338 terajoules.
Origin Energy Managing Director Grant King expressed concern, following the release of the company's half-year report, that the Queensland CSG industry may face the possibility that drilling could fall short of Gladstone’s needs as projects ramp up and adverse weather conditions stall operations.
Origin Energy has also reported a half-year profit of $794 million, a significant increase from the previous year’s $136 million loss.
Gas Today
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