Australia’s Woodside says finance chief resigns

Australian LNG firm Woodside said on Tuesday its chief financial officer Sherry Duhe would resign to pursue a career opportunity with another ASX-listed company.

Woodside did not reveal the name of the firm but Newcrest Mining said in a separate statement that Duhe would join the firm as its new finance chief in early 2022.

Duhe would remain with Woodside into the first quarter of 2022 to “ensure a smooth transition of her key responsibilities,” Woodside said.

The LNG player added it has started the process to find Duhe’s successor.

Woodside CEO Meg O’Neill noted the “significant contribution” Duhe has made since joining Woodside in late 2017.

“Sherry’s financial and commercial stewardship of Woodside over the last four years has been integral to continuing Woodside’s success. Over this time she has maintained a strong balance sheet which has provided Woodside’s resilience in challenging trading circumstances,” O’Neill said.

“Sherry’s passionate leadership has been central to delivering the financial and commercial architecture for our proposed merger with BHP’s petroleum business and the Scarborough development,” she said.

Woodside said in August it had signed a merger agreement with BHP’s oil and gas business.

The proposed merger worth about $28 billion would create the largest energy company listed on the ASX, with a global top 10 position in the LNG industry by production, according to Woodside.

Most Popular

Excelerate confirms Colombian FSRU charter deal, LNG carrier purchase

US FSRU player Excelerate Energy confirmed that it has signed a seven-year charter agreement with a unit of Canadian firm Frontera Energy to deploy its FSRU to a new LNG import terminal under development in Colombia. Excellerate also confirmed that it purchased a TFDE LNG carrier to convert it to an FSRU.

Exmar in LNG bunkering move

Belgium’s Exmar has signed a seven-year charter for the 2006-built LNG carrier Simaisma. The vessel will be modified to serve as a floating transshipment unit (FTU) for the LNG bunkering market.

Cheniere’s net income climbs to $3.07 billion in Q2

US LNG exporting giant Cheniere reported an 88.7 percent year-on-year increase in its second-quarter net income to $3.07 billion, while quarterly revenue rose 23 percent year-on-year to $5.73 billion.
spot_img

More News Like This

BP to take full control of Trinidad gas project

UK-based energy giant BP has agreed to acquire Woodside’s 70 percent interest in the Calypso gas project in Trinidad and Tobago, increasing its stake to 100 percent and assuming operatorship.

Woodside achieves first Scarborough gas

Australian LNG player Woodside said on Wednesday that it achieved first gas from the Scarborough reservoir, as the company continues to target first LNG cargo in the fourth quarter this year.

Woodside’s Browse LNG project gets WA backing

Woodside's planned Browse LNG project has received a state significant project status from the Western Australian government.

Woodside progresses work on Louisiana LNG plant

Australian LNG player Woodside and its contractor Bechtel continue to advance construction of the 16.5 mtpa Louisiana LNG export terminal.