Market Chatter: Woodside Energy Looking to Match Inpex's Offer to Buy PetroChina Stake in Australia's Biggest Untapped Gas Field

MT Newswires Live05-20

Woodside Energy (ASX:WDS) is looking to match Japanese oil and gas company Inpex's (TYO:1605) offer to purchase PetroChina (SHA:601857, HKG:0857) stake in Western Australia's Browse gas fields, Reuters reported Wednesday, citing CEO Liz Westcott.

Inpex is looking to purchase PetroChina's 10.67% stake in the Browse gas fields, said to be Australia's largest untapped offshore gas resource, Woodside confirmed Saturday.

"We will absolutely assess pre-emption, as we do actually every time, and all companies do," Reuters quoted Westcott as saying on the sidelines of the Australian Energy Producers conference in Adelaide.

The Australian energy company is also keen to progress the Browse transaction, Westcott told Bloomberg TV.

"Browse is a project that we're keen to continue to progress. We have contracting companies working with us now on early front-end engineering design for the (floating) FPSOs offshore. We've been working commercial agreements with our counterparts," Westcott said in an interview.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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We have contracting companies working with us now on early front-end engineering design for the (floating) FPSOs offshore. We've been working commercial agreements with our counterparts,\" Westcott said in an interview.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. 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We have contracting companies working with us now on early front-end engineering design for the (floating) FPSOs offshore. We've been working commercial agreements with our counterparts,\" Westcott said in an interview.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. 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