DataRoom AM: Woodside’s worries

Woodside Petroleum may soon put pen to paper for the colossal Leviathan gas fields, but a major investor, Royal Dutch Shell, is looking for the exit.

Reports that Woodside Petroleum could walk away from the massive Leviathan gas field opportunity appear to have been premature, with the oil and gas group seen as close to finalising a deal. It won’t come cheap, however. The company is also at the centre of a possible mammoth block trade, with major shareholder Royal Dutch Shell seen finally ready to exit.

Elsewhere, Forge Group has enjoyed a busy festive season, the fight for Warrnambool Cheese & Butter enters 2014 with no conclusion in sight, Telstra Corporation makes a major Asian divestment and the IPO market gets some good news.


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