Woodside Revenue Climbs 43%

Woodside Petroleum Ltd.(WPL), Australia’s oil and gas producer, increased first quarter revenue by 43 percent on higher prices. Revenue increased to US$1.03 billion in the three months ended March 31 from US$718 million a year earlier.

Woodside’s A$13 billion Pluto venture, among more than a dozen proposed LNG projects in Australia targeting Asian demand for cleaner energy is on schedule.