) sees oil and gas markets improving later this year after a dismal first-half hit by the COVID-19 pandemic, and is keenly looking to snap up cheap assets, its boss said on Thursday.
“We’re optimistic that the worst of the supply and demand shocks are behind us,” Woodside CEO Peter Coleman told analysts. Coleman said in June Woodside is eyeing Chevron Corp’s sale of its one-sixth stake in the North West Shelf LNG project, operated and co-owned by Woodside.The company will also decide in the next 10 days whether to exercise its right to match a $400 million offer by Russia’s Lukoil for Cairn Energy’s 40% stake in the Rufisque, Sangomar and Sangomar Deep area off Senegal, he said.
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