By LNG World News Image courtesy of WoodsidePerth-based Woodside said its revenue for the first quarter dropped 8.8 percent due to lower production impacted by adverse weather conditions.
Woodside reported a revenue of US$895 million for the first three months of the year, down from the $982 million in the corresponding period a year ago.
Production reached 21.4 mmboe, down from 23.7 mmboe in the first three months of 2016, due to adverse weather conditions affecting the Australian portfolio.
Woodside noted in its report that LNG production facilities were hit by a “once in 50-year rainfall,” adding that the 2017 production guidance remains unchanged.
Despite the adverse
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