Apache takes Woodside to court over Wheatstone LNG deal

Apache takes Woodside to court over Wheatstone LNG deal

Houston-based Apache Corporation has taken legal action against Australian LNG player, Woodside due to issues related to disputed payments for Wheatstone LNG project.

Apache is seeking damages in the amount of US$64 million claiming Woodside breached the initial agreement, Perth Now reports.

The two companies signed a deal in December 2014 for Woodside to acquire Apache’s stake in Wheatstone and Kitimat LNG, closing the transaction on April 2 for a total cost of US$2.817 billion.

Apache filed a writ to the Supreme Court recently claiming that the disputed payment happened in March in the transitional period during which the company was selling its Wheatstone LNG stake to Woodside.

Apache wrote to Woodside in June in an attempt to recover the money, revealing in its writ that Woodside refused to pay any sum at all, according to the report.

 

LNG World News Staff; Image: Chevron

Share this article

Follow LNG World News

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >