"Making headlines at midday:
Oil giant Woodside Petroleum Ltd (ASX:WPL) has reported a 6 per cent increase in production for the third quarter.
The company produced 20.6 million barrels of oil equivalent in the three months to September 30, up from 19.4 million barrels of oil equivalent in the June quarter.
Revenue rose 13 per cent to $1.064 billion for the quarter with sales up 5 per cent to 20.3 million barrels of oil equivalent.
Woodside says it has been informed by US-based Apache Corp that Apache and Kuwait Foreign Petroleum Exploration Company are discontinuing talks on processing gas from their WA 356-P permit through Woodside?s Pluto LNG Project.
Woodside remains in discussions with several third party gas owners in the Carnarvon basin over the potential processing of their gas through Pluto."
http://www.finnewsnetwork.com.au/archives/finance_news_network12805.html
Ann: Third Quarter Report , page-3
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