Woodside Q4 revenue jumps 43%

Australian oil and gas major Woodside has reported a 43% increase in sales revenue for the fourth quarter of 2018, compared with the previous corresponding period, and a 10% increase in production. Woodside on Thursday reported that production during the three months to December had reached 24.1-million barrels of oil equivalent, as the Pluto liquefied natural gas (LNG) project achieved a 99.7% reliability rate, and the Wheatstone LNG train 1 and train 2 continued to exceed expectations.