Analysts are anticipating that Woodside Petroleum will again look to American investors for a $1 billion cash injection, in an effort to improve the health of its balance sheet and fund the development of its Pluto liquefied natural gas project near Karratha.
A bond issue is expected within the next month or so.
Last week it was reported that falling oil prices had finally hit Woodside, with quarterly revenue from the North West Shelf LNG project slumping by more than 40%, however an increase in output had counterbalanced a fall in prices.
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Tags: ASX News, bond issue, Business News, metals and mining companies, Woodside, Woodside Petroleum, WPL
