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Saturday, Jun 29
Woodside Petroleum (WOPEY.PK -0.5%) is taking its second step toward international expansion by...
Woodside Petroleum (WOPEY.PK -0.5%) is taking its second step toward international expansion by buying majority stakes in multiple blocks of Ireland's offshore Porcupine Basin. Woodside bought 85% of seven blocks owned by London-listed Petrel Resources (PTREF.PK), which rose 8.5% on the London exchange Friday, as well as 90% of six blocks from privately-held Bluestack Energy. Although not reflected by the ADR, Woodside was up almost 1% on the ASX. Its first big move outside Australia was into Israel's Leviathan late last year (previous).