FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: Environmentalists, Fishers Concerned about Spill Risk from Woodside's Western Australia Gas Project, ABC News Says

By

A coalition of environmentalists and fishers expressed concern about the risk of a potential oil spill from Woodside Energy Group's (ASX:WDS) planned Browse gas project offshore Western Australia, ABC News reported on Monday.

A credible scenario of a potential well blowout would lead to the spilling of around 5,600 barrels of condensate over 12 hours, according to Woodside. However, a catastrophic scenario could lead to nearly 900,000 barrels of condensate spilling over 77 days.

The opponents criticized the firm's oil spill containment methods, including pyrotechnic shear rams, capping stacks, and relief wells. The project is currently before the state's Environmental Protection Authority. The oil and gas firm earlier amended the project proposal to relocate a drill center away from turtle nesting grounds and decrease its overall project footprint after an earlier preliminary rejection.

Woodside's shares fell 1% in recent trading on Monday.

(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.)

Related Articles

Asia

Zhongji Innolight's Attributable Profit, Revenue Surge in H1

Zhongji Innolight (HKG:3308, SHE:300308) reported 13.7 billion yuan in profit attributable to owners for the first half, compared with 4 billion yuan a year ago, a Friday bourse filing showed.EPS moved to 12.19 yuan from 3.60 yuan year over year.For the six months ended June 30, revenue was 41.8 billion yuan, versus 14.8 billion yuan previously, the optical interconnect service provider said.The company declared an interim dividend of 12 yuan per 10 shares. Dividends to holders of Hong Kong-listed shares of record as of Sept. 10 will be payable on Oct. 9.

HKG:3308SHE:300308
Asia

Henlius Biotech Posts Higher H1 Attributable Profit; Revenue Up

Shanghai Henlius Biotech (HKG:2696) reported 430.4 million yuan in profit attributable to equity holders of the parent for the first half, compared with 390.1 million yuan a year ago, a Friday bourse filing showed.EPS moved to 0.79 yuan from 0.72 yuan year over year.For the six months ended June 30, revenue was 3.59 billion yuan, versus 2.82 billion yuan, the biologics medicine company said.

HKG:2696
Asia

Yuexiu Transport Infrastructure Sees Toll Revenue Drop in Most Expressways in July

Toll revenue of a majority of Yuexiu Transport Infrastructure's (HKG:1052) expressways declined year on year for the month of July, mainly due to a decrease in toll traffic volume for most of the company-operated expressways during the reporting monthAmong the company's expressways, the GNSR Expressway posted the highest toll revenue of 83.3 million yuan with an average daily toll traffic volume of 309,225, a Friday Hong Kong bourse filing said. The expressway recorded a 6.5% year-on-year decline in toll traffic volume.Han'e Expressway recorded the biggest year-on-year decline in toll revenue, decreasing by 63% to 11.1 million yuan.

HKG:1052