Woodside Petroleum Limited

On Wednesday, the Australian sharemarket closed lower despite a positive start led by rally on Wall Street overnight. The benchmark S&P/ASX200 index was down 23.6 points, or 0.67 per cent, at 3,499.63 while the broader All Ordinaries index shed 29.9 points, or 0.85 per cent, to 3,483.23. The market has lost half its value, or A$804 billion in just over one year. Analysts say that the overall trend may not change without catalyst for the market to go up while the overseas will pull the Australia market lower each time it seems to hit the bottom.

Yesterday, Australian shares slumped to their lowest close since October 8, 2004. The benchmark S&P/ASX200 share index plummeted 5.9% to 3697.3. The broader All Ordinaries index fell 211.2 points, or 5.44 per cent, to 3,672.4, its weakest close since October 1, 2004. Analysts said although local stocks may rebound after rise in US stocks and oil price, markets worldwide still have a significant unsettling economic outlook.

The Australian stock market has received negative leads from Wall Street on Friday. Oil rose again in anticipation of Hurrican Gustav making landfall in the continental US.

Exco Resources Limited (ASX:EXS)(PINK:EXRSF) is pleased to confirm the appointment of Mr Eamon Byrne as Exco's Chief Financial Officer and Company Secretary with immediate effect.

Last night Wall Street led on easing concerns about a credit crisis, but gains are likely to be tempered by declines in mining and oil companies after oil, gold and base metals prices fell.

Woodside Petroleum Limited (ASX: WPL) - 2008 Annual General Meeting - Mr Michael Chaney, Chairman and Mr Don Voelte, Managing Director, CEO; Woodside Petroleum Limited (ASX: WPL) present the following audio webcast regarding "WPL - 2008 Annual General Meeting - Mr Michael Chaney, Chairman and Mr Don Voelte, Managing Director, CEO". You may also download this audio webcast to your computer or portable audio player.

Woodside (ASX: WPL) and BHP Billiton Petroleum (ASX: BHP) are the big winners in the annual Safety Awards presented by the Australian Petroleum Production and Exploration Association (APPEA) for 2008

Woodside has signed a liquefied natural gas (LNG) key terms agreement with CPC Corporation Taiwan for the potential sale of 2 to 3 million tonnes per annum of LNG targeted to come from the Woodside-operated Browse LNG Development for a period of 15 to 20 years.