Australia’s Woodside Energy Ltd has announced plans to reduce total operating costs by A$250 million between 2003 and 2005. (US$1=A$1.53). It said: “Total net savings in operating expenditure, as compared to 2002, are estimated at A$250 million between 2003 and 2005. This result includes implementation costs of A$35 million over the three years. About A$60…

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