Woodside completes Kitimat buy

Australian oil and gas major Woodside has closed the second part of its $2.75-billion transaction with Apache Corporation, announcing on Friday that the Kitimat liquefied natural gas (LNG) component had now been closed. Earlier this month, Woodside closed the Wheatstone and Balnaves project acquisitions for a total consideration of $2.81-billion, included in this was a closing adjustment of $567-million, which represented a reimbursement of Apache’s net expenditure in the projects since July last year.