Woodside Petroleum's outgoing boss said on Friday his replacement will face two company-defining challenges: replacing its aging assets and managing the transition to cleaner energy.Australia's top independent gas producer is betting its future on the $11 billion Scarborough gas project…
Asian energy officials on Wednesday disputed the International Energy Agency's (IEA) call for no new oil, natural gas and coal investments for the world to be able to reach net-zero carbon emissions by 2050, viewing that approach as too narrow…
Woodside Energy expects strong buyer interest in the sale of a share of a new production unit at its Pluto LNG plant, top executives said on Thursday, a precondition for a planned $11 billion expansion at its Scarborough gas and Pluto project…
Australian oil and gas company Santos on Tuesday announced a final investment decision (FID) has been taken to proceed with the US$3.6 billion gas and condensate project, located offshore the Northern Territory, Australia.The Barossa development will comprise a BW Offshore supplied FPSO…
Australian oil and gas company Woodside has informed that the company and BHP, partners in the Scarborough offshore gas field in Australia, have received offers for the grant of petroleum production licenses for the blocks containing the gas field…
Offshore installation contractor Subsea 7 expects its 2021 results to be adversely impacted by costs associated with the Covid-19 pandemic, including more contagious, new variants of the virus.Despite this, the company expects that revenue in 2021 will exceed the 2020 revenue level…
Australia’s Woodside Energy sees the liquefied natural gas (LNG) market tightening this year, with demand growing especially in Asia, after prices were battered by a supply glut in 2020, its chief executive said on Thursday.LNG supply in 2021 will be partly tighter as Woodside…
Woodside Petroleum Ltd said on Tuesday it has started looking for a successor for its long-time chief executive Peter Coleman who plans to retire in the second half of 2021.The change in guard comes at a tricky time for Australia's top independent gas producer…
Australia's Woodside [Energy] has changed tack on plans to sell assets to help fund its $11 billion Scarborough gas project, now targeting infrastructure investors instead of energy companies amid a slump in oil and gas prices.Woodside said…
Woodside Energy shelved talks to sell stakes in a gas field and liquefied natural gas (LNG) project to Chinese companies a few months ago because of a growing diplomatic row between Australia and China, the company's chief said on Thursday.Chief…
A discovery of ancient artefacts on the seabed off Australia's west coast has opened up a new frontier for resource companies to watch out for in conserving indigenous heritage.Archaeologists in July reported they had found hundreds of stone…
Norwegian energy intelligence company Rystad expects that the market demand for large-diameter offshore pipelines, known as trunklines, will see an annual drop of 26% this year.According to Rystad, the length of total installations this year is forecasted to reach 2…
Woodside-operated North West Shelf (NWS) LNG project in Australia could have up to 7 million tonnes per annum (mmpta) of spare capacity available by 2027. This equates to 40% of the project’s nominal capacity, energy intelligence firm Wood Mackenzie said in a report this week…
Australia's Woodside Petroleum Ltd reported a worse-than-feared 29% drop in quarterly revenue, hit by weak spot liquefied natural gas (LNG) prices, but said it still expected to book a net profit in the first half.The hit came due to the double…
Australia's Woodside Petroleum Ltd plans to book impairments of $4.37 billion after tax, joining global energy majors that have slashed the value of their assets after a coronavirus-induced slump in oil and gas prices.The bulk of the impairment - $3…
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