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Gallery: Heerema's Aegir Installs Module on Woodside's Pluto Alpha Platform

Dec 17, 2020

Dutch offshore installation services company Heerema Marine Contractors has, using its heavy lift vessel Aegir, transported and installed the 1650 metric ton water handling module for client TechnipFMC on the Woodside-operated Pluto Alpha offshore platform in Australia…

Woodside's CEO Coleman to Retire in 2021

Dec 08, 2020

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…

Woodside Stops Talks to Sell Offshore Project Stake to Chinese Firms over Diplomatic Row

Nov 12, 2020

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…

Woodside Targets Infrastructure Asset Sales to Raise Funds for Scarborough

Nov 11, 2020

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…

Grounded Offshore Rig Limits Sabine Pass Ship Traffic

Oct 20, 2020

The U.S. Coast Guard said on Monday that a large semi-submersible rig drifted into and ran aground in the Sabine Bank Channel, limiting vessels entering the Sabine-Neches Waterway to those with a maximum draft of 32 feet (9.8 meters).The waterway…

Big Projects Will Be Needed to Fill Up North West Shelf's Spare Capacity, Woodmac Says

Sep 08, 2020

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 Offshore Oil and Gas Industry Faces New Indigenous Heritage Test

Sep 07, 2020

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…

Australia's North West Shelf LNG: Key Terms Agreed for Third-party Gas Processing

Aug 17, 2020

Australia's North West Shelf LNG venture has agreed key terms for processing third-party gas from the Pluto and Waitsia gas projects, operator Woodside Petroleum said on Monday.Gas from Woodside's Pluto project could start going into the North…

Woodside's Revenue Slumps More than Expected

Jul 15, 2020

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…

Woodside Expects $4.37B Loss after Asset Write-down

Jul 14, 2020

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…

Woodside Holding Off on $11B Scarborough Project FID until Prices Improve

Apr 30, 2020

Woodside Petroleum's final investment decision on the $11 billion Scarborough gas project will require stable oil prices and credit ratings, the company's CEO said on Thursday.The company in March deferred a final investment decision on the…

Qatar Books Chinese Shipyard Capacity in LNG Carrier Fleet Expansion Push

Apr 22, 2020

Qatari state-owned oil and gas company Qatar Petroleum has signed a deal to reserve LNG ship construction capacity in China in a deal potentially worth more than $3 billion.QP said that the reserved LNG carrier construction capacity would be used for QP’s future LNG carrier fleet requirements…

Woodside Halves Spending Plans. Delays Scarborough, Browse FIDs

Mar 27, 2020

Woodside Petroleum halved its forecast spending for 2020 and deferred go-ahead decisions for its two biggest gas projects to ride out the pain of the coronavirus pandemic and plunging oil prices.Australia's top independent gas producer said…

Woodside, BHP Align Scarborough Gas Field Interests

Feb 26, 2020

Australian companies Woodside and BHP have agreed to align their participating interests across the WA-1-R (Scarborough) and WA-62-R (North Scarborough) titles containing the undeveloped Scarborough gas field.The alignment will result in Woodside holding a 73…

Woodside: Weak LNG Prices, Coronavirus Slowing Projects

Feb 13, 2020

Australia's Woodside Petroleum Ltd warned on Thursday the coronavirus outbreak is hampering its efforts to seal gas deals and sell stakes in a key growth project, as it reported a 25% drop in annual underlying profit. The profit fall was in…

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