Woodside Q1 earning up, no Leviathan deal
Woodside Petroleum, Australia's largest independent oil and gas producer, reported a 5 percent rise in first quarter production on Thursday but said it had not yet finalised a deal to take a stake in Israel's Leviathangas field.
Woodside said first quarter production was 23 million barrels of oil equivalent (mmboe), versus 21.9 mmboe a year ago and 23.2 mmboe in the fourth quarter. In January, the company said it expected to produce 86-93 mmboe in 2014.
Revenue was $1.675 billion, up 15.9 percent on a year ago.