Woodside Energy exercised its preemptive right to acquire PetroChina’s 10.67% stake in the Browse gas fields for USD 225 million, blocking a planned s…

June 12 : Woodside Energy said on Friday it had exercised its pre-emptive right to acquire PetroChina's 10.67 per cent stake in the Browse gas fields off the coast of Western…

The WA gas giant will instead increase its own stake in the contentious Browse gas project as it pushes forward with its North West Shelf extension plan.

Australian energy company exercises preemption right to increase stake

Woodside Energy exercised its preemptive right to acquire PetroChina’s 10.67% stake in the Browse gas fields for USD 225 million, blocking a planned s…