We have a significant position in Woodside. That in itself is a deterrent for any other international suitor. BHP and Woodside would not comment on Mr Restucci's remarks yesterday. Mr Restucci is one of three senior Shell executives in Canberra this week lobbying Government ministers and opposition MPs on their bid, which is receiving extended scrutiny from the Foreign Investment Review Board. In simple terms, Shell is moving increasingly towards gas.
Gas is the fuel of the future.
A rival bid from BHP is not expected, Shell says. The company says it has no plans to shut down Woodside's assets.