The move by Australia's Woodside Petroleum to acquire a controlling stake in Israel's biggest...

|By:, SA News Editor

The move by Australia's Woodside Petroleum to acquire a controlling stake in Israel's biggest natural gas field has presented its minority owner Royal Dutch Shell (RDS.A) with a potential political challenge keeping its Arabic partners on its side. Analysts say Shell may look offload its 23% interest in Woodside, valued at ~$7B; a sale also could provide much-needed capital for Shell’s big Australian development projects.