Woodside Energy reports soaring profits with record LNG output as well as record taxes and royalties paid
Woodside Energy, the operator of the Northwest Shelf LNG plant and the Pluto LNG facility in Western Australia, posted soaring annual net profits because of higher prices and the benefits of the merger with commodities giant BHP’s petroleum business.
Australia's LNG earnings jump and sees Asia-Pacific price averaging US$45 per MMBtu for two years
The Australian government said the nation’s LNG export earnings are forecast to rise to A$90 billion (US$58.2Bln) in the current fiscal year from A$70Bln in the previous year as the fallout from Russia’s invasion of Ukraine continues to place upward pressure on LNG spot prices.
Australian LNG operator Woodside confirms surging profits and revenues as well as significant tax paid
Western Australian LNG operator Woodside Energy confirmed a first-half net profit after tax (NPAT) of US$1.64 billion with operating revenues surging 132 percent to US$5.81Bln after a more than doubling of commodity prices.
Australian LNG producer Santos reports US$1.1Bln of quarterly LNG sales on high prices and PNG merger
Australian liquefied natural gas plant operator Santos, which has plant and project stakes in Queensland and in the Northern Territory as well as in Papua New Guinea, reported a jump in LNG sales revenues to US$1.116 billion from US$427 million in the same three months of 2021.
LNG exporter Australia sees sustained Chinese demand even amid ramp-up of pipeline gas to China from Russia
The Australian Government says that Asian liquefied natural gas spot prices and oil-linked LNG contract prices are expected to remain high throughout 2022 and 2023 and would only decline back to non-crisis levels around 2027, depending on geopolitical events.
Australian LNG export earnings set for surge to A$50Bln from A$30Bln because of oil-linked supply contracts
Export earnings from Australia’s 10 liquefied natural gas export facilities with nameplate capacity of 88 million tonnes per annum are expected to surge to A$50 billion (US$36Bln) in the current fiscal year from A$30Bln last year as oil-linked contract prices surge.
Woodside Acting CEO O’Neill says record spot LNG prices achieved as revenues stay above US$1Bln
Woodside Petroleum Acting Chief Executive Meg O’Neill said liquefied natural gas sales revenue in the first quarter of 2021 jumped 22 percent versus the end of 2020 and the Western Australian liquefaction plants operator achieved record spot LNG cargo prices.
Santos plans investment decision for Darwin LNG feed gas and with Japanese buyers already lined up
Santos Ltd., the operator of the Gladstone LNG plant in Queensland and Darwin LNG in the Northern Territory, said that its Barossa LNG feed-gas project offshore northwest Australia remained on-track for a final investment decision in the first half of 2021 and with key Japanese customer interest.
Woodside of Australia posts 33 percent plunge in 2020 LNG sales revenue in roller-coaster year for prices
Woodside Petroleum, the Western Australian operator of two LNG export plants, posted a plunge of more than 33 percent in 2020 LNG sales revenues after the roller-coaster price movements in the year of Covid-19.
Australian LNG operator Woodside recovers from disastrous last quarter as projects advance
Australian liquefied natural gas producer Woodside Petroleum recovered from a disastrous 2019 second quarter with a jump in third-quarter LNG revenue because the Pluto plant was back on line, though earnings were still lower than the third quarter of 2018.
