Australia's Woodside Bites Bullet and Decides to Raise Equity

摘要

Under pressure from cost overruns at its Pluto LNG project, Australia's Woodside Petroleum has bitten the bullet and decided to raise A$2.5 billion (US$2.3 billion) in equity from investors, citing a fast-tracked work program at another huge Australian LNG development - Browse, off the far northwestern coast.