Australian outfit Woodside has achieved its second-highest first-half profit of US$842 million amid a 6% reduction in capital spending.
The developer put the drop in expenditure to $1.5 billion down to the near completion of the Pluto LNG project in Western Australia.
Woodside confirmed that Pluto is due to receive its first LNG cargo in March 2012 and that a revised estimate for the project will see it come in at a total of A$14.9
