Woodside Energy News


Woodside's First-Quarter Revenue Beats Expectations

Apr 22, 2025

Shares of Australia's Woodside Energy were up nearly 4% on Wednesday after the gas producer posted first-quarter revenue above estimates.Perth-based Woodside reported revenue of $3.32 billion for the quarter ended March 31, beating a Visible Alpha consensus estimate of $2…

Chevron, Others Exit Egypt’s Red Sea Concessions After Making No Finds

Apr 21, 2025

A number of multinational oil and gas companies including Chevron have exited their Red Sea oil and gas concession blocks after making no finds and have channeled their resources elsewhere in the country, the Egyptian petroleum ministry said…

Pre-FEED Work Begins for CCS Project Off Australia

Apr 17, 2025

The Bonaparte CCS joint venture, involving Inpex Corporation, TotalEnergies and Woodside Energy, has started pre-fronte-end engineering design (pre-FEED) work to support the development of the Bonaparte carbon capture and storage (CCS) project offshore Australia…

Woodside Signs LNG Supply Deal with Germany’s Uniper

Apr 17, 2025

Australian gas producer Woodside Energy has signed LNG sale and purchase agreements with German-based Uniper for the supply of gas from its global portfolio.Under the agreement, Woodside will supply 1.0 million tonnes per annum (Mtpa) from Louisiana LNG and up to 1…

Woodside Sells Louisiana LNG Stake to Stonepeak for $5.7B

Apr 07, 2025

Woodside Energy Australia’s top gas producer, said on Monday it agreed to sell a 40% stake in its Louisiana liquefied natural gas plant to U.S. infrastructure investor Stonepeak for $5.7 billion.The deal reduces Woodside's capital spending needs…

Woodside Drops Farm-In Plans for Namibia’s Orange Basin Block

Mar 17, 2025

Australian oil and gas company Woodside Energy has decided not to exercise its option for the farm-in to the PEL 87 block offshore Namibia, operated by Pancontinental Energy’s subsidiary.Pancontinental has received notification from Woodside…

ExxonMobil, Woodside Take FID for $221M Gas Project Off Australia

Mar 17, 2025

ExxonMobil's Australian unit said on Monday that its Gippsland Basin joint venture with Woodside Energy has approved its final investment decision to develop the Turrum Phase 3 project, targeting underdeveloped gas resources.The approval is for the A$350 million ($221…

Woodside’s Profit Hits Three-Year Low

Feb 24, 2025

Australian oil and gas major Woodside Energy reported its smallest annual underlying profit in three years on Tuesday, hurt by lower realised prices, but maintained its 2025 output forecast on expectations of strong demand for liquefied natural gas…

ExxonMobil’s Esso, Mitsui and Woodside to Invest $200M in Gas Project Off Australia

Feb 24, 2025

ExxonMobil’s Australian subsidiary Esso Australia Resources and its partners have announced a nearly $200 million investment in the Kipper 1B project which will bring online additional gas supply from the Gippsland Basin.The project, which was approved by Esso Australia…

Woodside and Trinidad Agree Commercial Terms for Calypso Gas Discoveries

Feb 12, 2025

The government of Trinidad and Tobago and Woodside Energy have reached an initial agreement on the commercial terms for developing the company's Calypso deepwater gas discoveries, moving the project one step closer to a final investment decision…

Woodside Getting Ready to Restart Pluto LNG Facility

Nov 27, 2024

Australia's Woodside Energy said in a statement on Wednesday that it has begun preparing to safely restart the Pluto LNG facility.Woodside had shut down the LNG plant on Monday due to a fault in the facility's control system. Preparations for the restart began on Tuesday…

Woodside: LNG Market to Grow by 50% in Next Decade

Nov 26, 2024

Australia's Woodside Energy WDS.AX expects the global market for liquefied natural gas (LNG) to grow by 50% in the coming decade, its CEO said on Tuesday.'Over the last decade the LNG market grew by 50%. We anticipate it will grow by another 50% in the coming decade…

Woodside Energy Halts Production at Gulf of Mexico Oil Platform

Sep 12, 2024

Woodside Energy shut-in oil and gas output on Wednesday at its Shenzi offshore production platform in the U.S. Gulf of Mexico, the company said.An onshore refinery lost power prompting the shut-in, a Woodside spokesperson said.The company earlier…

Woodside Reduces Unit Production Costs Despite Inflationary Environment

Aug 27, 2024

Woodside Energy has released its half-year financial highlights citing a net profit after tax of A$1,937 million ($1.3 million) and underlying net profit after tax of A$1,632 million ($1.1 million).Operational highlights include the delivery of 89…

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